President Donald Trump on Monday announced a "Secondary Tariff" on Venezuela, declaring that any country that purchases oil or gas from them will be forced to pay an additional 25 percent on any trade they do with the U.S. The post Trump Declares ‘Secondary Tariff’ on Venezuelan Oil as More ‘Reciprocal Tariffs’ Loom appeared first on Breitbart.
President Trump announced a 25% "Secondary Tariff" on countries purchasing oil and gas from Venezuela, effective April 2nd, citing the nation's alleged export of criminals to the U.S. He suggested potential "reciprocal tariffs" on other nations and hinted at tariffs on goods like automobiles, lumber, and semiconductors. This move follows reports of Chevron's oil export license to the U.S. being revoked and the Biden administration allegedly permitting Chevron to pay Venezuela's Maduro administration to retain oil export abilities. China is Venezuela's largest oil buyer and a current target of U.S. tariffs.
