China is the largest purchaser of Venezuelan oil, followed by the USA after Joe Biden changed the sanctions regime.Posted on 03/24/2025 2:38:10 PM PDT by SoConPubbie
China is the largest purchaser of Venezuelan oil, followed by the USA after Joe Biden changed the sanctions regime.
The tariff timeline is set to trigger on April 2nd, the same date as the reciprocal tariffs against all nations.
Truth Social – “President Donald J. Trump announced today that the United States of America will be putting what is known as a Secondary Tariff on the Country of Venezuela, for numerous reasons, including the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature.
Among the gangs they sent to the United States, is Tren de Aragua, which has been given the designation of “Foreign Terrorist Organization.” We are in the process of returning them to Venezuela — It is a big task! In addition, Venezuela has been very hostile to the United States and the Freedoms which we espouse.
Therefore, any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country. All documentation will be signed and registered, and the Tariff will take place on April 2nd, 2025, LIBERATION DAY IN AMERICA. Please let this notification serve to represent that the Department of Homeland Security, Border Patrol, and all other Law Enforcement Agencies within our Country have been so notified. Thank you for your attention to this matter!” [Source]
A new kind of sanction!
Good stuff.
China is the primary buyer for VZ oil and most of it goes around Cape Horn, less via Panama Canal.
So this is another tariff on China which is good.
Trump should seek to do to Venezuelan oil what is done to Russian oil.
I don’t like the idea of aggravating countries we might need the help of, most especially Canada.
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