Don't buy Venezuelan crude oil..!? trump threatens countries..!?

donald trump has been taking various drastic measures since he took office as US President for the second time. Within a few days of taking office, trump imposed additional taxes on goods imported from China, Canada, and Mexico. He also announced that he would impose reciprocal taxes on countries that impose high taxes on American goods. This reciprocal tax is set to come into effect on april 2. Trump's actions have raised fears that it could spark an international trade war. While the reciprocal tax is burning like a fire, trump has made another announcement as if pouring oil on the burning fire. Yesterday, US President donald trump announced that he would impose a 25 percent secondary tax on countries that buy oil and gas from the Latin American country of Venezuela. In this regard, trump took to social media to say that any country that buys oil and gas from venezuela will be forced to pay a 25 percent tax to the united states on any trade they do with our country (the United States).
All documents will be signed and recorded. And the tax will go into effect on april 2, America's Independence Day. He said that venezuela is very hostile to the united states and the freedoms we support. The funny thing about Trump's tax threat is that American refiners are among the largest buyers of Venezuelan oil. American refiners are especially dependent on Venezuela's heavy crude oil. China, Cuba, and refiners from europe and india also buy oil from Venezuela. Donald Trump's threat of a second round of tariffs is aimed at cutting off a key source of revenue for Nicolas Maduro's regime in Venezuela. Meanwhile, Trump's threat of a 25 percent tariff on any Venezuelan oil purchase has put additional pressure on China, which is already struggling under Trump's tariffs. It has also created a crisis for India. Donald Trump's move will have a major impact on global energy trade. Trump's tariff measures are expected to have a major impact on the international market on april 2.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

Sowmiya Sriram

26/03/2025 09:14 AM