US EditionChina’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil
- China's oil purchases from Venezuela have stalled after U.S. President Donald Trump threatened 25% tariffs on imports from countries buying Venezuelan oil, with traders awaiting guidance from Beijing on future purchases.
- Chinese Foreign Ministry Spokesperson Guo Jiakun stated that the U.S. is abusing unilateral sanctions, which China opposes, suggesting such actions inflict losses on American businesses.
- Traders in China are cautious about entering the Venezuelan oil market due to the uncertainty caused by U.S. sanctions, impacting their purchasing decisions.
- Venezuelan oil imports by China account for about 503,000 barrels per day, representing approximately 55% of Venezuela's total oil exports, primarily sold under different names after transshipment.
53 Articles
53 Articles
Venezuela Condemns US Threats, Reaffirms Sovereignty Amid New Tariff Announcement - teleSUR English
Venezuela condemns US President Trump’s 25% oil tariff as ‘arbitrary & illegal,’ reaffirming sovereignty. Read how Venezuela resists economic aggression & defends international trade rights. Related: U.S. President Donald Trump Announces 25% Tariff on All Auto Imports Venezuela Rejects US “Arbitrary and Illegal” Tariffs In a strong statement, the Bolivarian Republic of Venezuela has reaffirmed its stance against recent threats from US President …
China Rejects US 'Tariff War' on Venezuela Amidst Decline in PDVSA Oil Shipments - Venezuelanalysis
Caracas, March 27, 2025 (venezuelanalysis.com) – China criticized the Trump administration’s “tariff war” after a recent threat to impose 25 percent “secondary tariffs” on goods from countries that purchase Venezuelan oil and gas. “We urge the United States to cease its interference in Venezuela’s internal affairs and to abolish the unlawful unilateral sanctions imposed on the country. […] There are no winners in a trade or tariff war,” stated G…
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…
India and China no longer buying crude from Venezuela after Trump's threats
The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.
Hastings Tribune
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…
China Stops Venezuelan Oil Imports After U.S. Decree
On March 25, 2025, U.S. President Donald Trump issues a decree that swiftly halts China’s imports of Venezuelan oil. The order threatens a 25% tariff on goods from countries purchasing Venezuela’s crude, effective April 2, targeting China, the nation’s largest buyer. Coming after U.S. sanctions on Chinese imports from Iran, this policy demonstrates Trump’s calculated […]
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