President Donald Trump dealt a new blow to Venezuela's authoritarian government on Monday, threatening to impose 25% tariffs to countries that buy its oil or gas. It is also set to impact countries on the buying side, who will have to choose whether to divest or absorb the tariffs.
"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," Trump said in a publication on his social media platform, Truth Social.
