The United States has tightened its economic policy toward Venezuela’s energy sector and all those cooperating with it. The Trump administration has announced that it “will not tolerate” the involvement of any other country or company in the production, extraction, and export of Venezuelan oil.
In line with the new measures, the United States is introducing a 25 percent tariff on all goods destined for the U.S. market that come from countries continuing to engage with Venezuela’s oil sector.
Although exports of Venezuelan oil to the U.S. have already been under strict limitations for some time, the additional pressure will now be directed toward international partners and traders who, according to Washington, are helping Venezuela maintain stable oil exports.
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The new tariff rates will take effect on April 2 and, according to announcements, will remain in place until full suspension of economic cooperation with the Caracas regime is ensured.
This move by the U.S. administration, which threatens to further destabilize the global oil market and escalate political tensions, is being seen as the latest step in Washington’s increasingly hardline stance toward Venezuela, as the president emphasized that its government still poses a “threat” to U.S. national security.
Energy portal
