Trump says country that purchases oil or gas from Venezuela will be forced to pay 25% tariff on ‘any trade they do with our country’

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President Trump announced Monday that all countries that purchase oil or gas from Venezuela will be subject to a 25% tariff on all trade with the US, marking one of the harshest economic crackdowns on the dictator regime yet.

“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,” Trump raged on Truth Social in a lengthy post.

President Donald Trump delivers remarks in the Oval Office of the White House on March 21, 2025 in Washington, DC.
President Trump delivers remarks in the Oval Office of the White House on March 21, 2025, in Washington, DC. Getty Images

Venezuelan Vice President and Oil Minister Delcy Rodriguez shows the location of the Stabroek Block offshore oil and gas block during a press conference at Miraflores presidential palace in Caracas, Venezuela, Monday, March 10, 2025.
Venezuelan Vice President and Oil Minister Delcy Rodriguez shows the location of the Stabroek Block offshore oil and gas block during a press conference at Miraflores presidential palace in Caracas, Venezuela, Monday, March 10, 2025. AP

Towers and oil platforms belonging to Petróleos de Venezuela, S.A., the state-owned oil and gas company.
Towers and oil platforms belonging to Petróleos de Venezuela, S.A., the state-owned oil and gas company. Future Publishing via Getty Images

The tariffs will go into effect on April 2, the day Trump is set to announce a wide range of reciprocal global tariffs.

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