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China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil

  • China criticized the Trump administration's 'tariff war' over threats to impose tariffs on countries buying Venezuelan oil and gas, stating, 'There are no winners in a trade or tariff war,' according to Guo Jiakun, a spokesperson for the Chinese Foreign Affairs Ministry.
  • The United States will impose a 25% tariff on countries importing oil and gas from Venezuela, with the tariffs remaining in place for one year after the last import date.
  • The new tariff has already affected Caracas' finances, as India and China, who account for over 50% of Venezuela's crude exports, have halted purchases due to the tariff threat.
  • Venezuela condemned the 25% oil tariff as 'arbitrary & illegal', reaffirming its sovereignty.
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The last executive order of the Trump administration that threatens to impose tariffs on Venezuelan oil buyers is generating its first repercussions, specifically on the national exchange system. After the repeal of General License 41, favorable to the activities of the Chevron company in Venezuela and, now, with the launch of this new pressure mechanism, there has been an obvious disturbance in the value of the bolívar against the dollar in the…

Hastings TribuneHastings Tribune
+4 Reposted by 4 other sources
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Trump tariff on Venezuelan oil buyers shakes global market, major refiners pull back

The U.S. announcement that Washington will impose a 25% tariff on any country that purchases Venezuelan oil or gas has quickly made commercial dealings with Venezuela’s oil industry a highly toxic proposition, as some of the South American country’s largest…

·Nebraska, United States
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El Economista broke the news in on Tuesday, March 25, 2025.
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