Trump says countries that buy Venezuelan oil will face 25% tariff
By JOSH BOAK, Associated Press
WASHINGTON (AP) — President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the South American country itself.
In a Truth Social post, Trump said Venezuela has been “very hostile” to the U.S. and countries purchasing oil from it will be forced to pay the tariff on all their trade to the U.S. starting April 2.
Venezuela will face a “Secondary” tariff because it is the home to the gang Tren de Aragua, he said. The Trump administration is deporting immigrants that it claims are members of that gang who illegally crossed into the United States.
Trump said his social media post would serve as notification of this policy to the Department of Homeland Security and other law enforcement agencies.
More Stories
Oracle sheds 21,000 jobs in a year as AI rewrites the payroll
Oracle has cut around 21,000 roles worldwide over the past year, a stark sign of how quickly artificial intelligence is...
Getty opens its archive to ChatGPT as OpenAI deal sends shares soaring
One of the world’s largest photography agencies has struck a multi-year licensing agreement with OpenAI, a remarkable turn for a...
Silicon Valley money lands on British AI certifier as John Doerr backs isometric
The Silicon Valley investor John Doerr, an early backer of Google and Amazon, has written the second-largest cheque in a...
StubHub stung for nearly £900k as the CMA cracks down on hidden ticket fees
Ticket resale platform StubHub has been fined just under £900,000 and ordered to repay more than 50,000 customers after the...
Small firms can buy ITV, Sky and Channel 4 airtime in minutes as Universal Ads launches in the UK
For decades, television advertising has been the preserve of brands with deep pockets and a media agency on retainer. From...
GMB warns MPs cost of not saving British Steel would have been ‘unfathomable’
The cost of allowing steelmaking in Scunthorpe to collapse would have been “unfathomable”, the GMB union has told MPs, as...
