Trump says countries that purchase oil from Venezuela will pay 25% tariff on any trade with U.S.
Publishing timestamp: 2025-03-24 14:48:22
Summary
President Trump announced that countries buying oil from Venezuela will face a 25% tariff on trade with the U.S. starting April 2. This move is seen as targeting China, the largest destination for Venezuelan crude exports. The Treasury Department also extended Chevron's license to produce oil in Venezuela until May 27. Trump's actions are part of efforts to increase pressure on President Maduro and China, while also supporting Chevron and ensuring oil flows to the U.S.
Sentiment: MIXED
Keywords: ice brent crude (apr'23), donald j. trump, breaking news: markets, energy, oil and gas, wti crude (mar'23), breaking news: politics, chevron corp, business news, politics,