The Trump administration is poised to impose steep tariffs on countries that import oil from Venezuela on Wednesday, in an unprecedented move that analysts say will significantly increase global trade uncertainty.
President Donald Trump said last week any country that buys oil from Venezuela will face 25% “secondary tariffs” on all of its trade with the United States. Trump said in a Truth Social post that the levies go into effect on April 2, though his executive order leaves the implementation to Secretary of State Marco Rubio’s discretion.
“If they buy their oil from Venezuela, they have to pay a 25% tariff to do business with the United States —that’s on top of existing tariffs,” Trump said during a March 24 press conference at the White House. Read more: [https://www.cnbc.com/2025/04/01/trump-venezuela-oil-tariffs-unprecedented-increase-trade-uncertainty-.html](https://www.cnbc.com/2025/04/01/trump-venezuela-oil-tariffs-unprecedented-increase-trade-uncertainty-.html)
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The Trump administration is poised to impose steep tariffs on countries that import oil from Venezuela on Wednesday, in an unprecedented move that analysts say will significantly increase global trade uncertainty.
President Donald Trump said last week any country that buys oil from Venezuela will face 25% “secondary tariffs” on all of its trade with the United States. Trump said in a Truth Social post that the levies go into effect on April 2, though his executive order leaves the implementation to Secretary of State Marco Rubio’s discretion.
“If they buy their oil from Venezuela, they have to pay a 25% tariff to do business with the United States —that’s on top of existing tariffs,” Trump said during a March 24 press conference at the White House. Read more: [https://www.cnbc.com/2025/04/01/trump-venezuela-oil-tariffs-unprecedented-increase-trade-uncertainty-.html](https://www.cnbc.com/2025/04/01/trump-venezuela-oil-tariffs-unprecedented-increase-trade-uncertainty-.html)
Biggest fighter against fossil fuels lmao