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Euronews

Doloresz Katanich

US to impose tariffs on Venezuelan oil imports, impacting global trade

Donald Trump United States Venezuela Oil

Venezuela has been "very hostile" to the US, President Donald Trump said on Monday, and countries purchasing oil from it will be forced to pay the tariff on all their trade to the US starting 2 April.

The tariffs would most likely add to the taxes facing China, which in 2023 bought 68% of the oil exported by Venezuela, according to a 2024 analysis by the US Energy Information Administration.

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