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President Donald Trump has revealed that he will impose 25% tariffs on any country purchasing oil from Venezuela.
Posting on his Truth Social page on March 24, Trump said, “Venezuela has been very hostile to the United States and the Freedoms which we espouse. Therefore, 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 also claimed that Venezuela had “purposefully and deceitfully” sent criminals to the United States, although he presented no evidence to support this.
On April 2, 25% charges on imports of pharmaceuticals, cars, and lumber were supposed to begin. However, despite announcing new tariffs, Trump’s self-titled “Liberation Day” has now been reportedly delayed. When they do come into effect, though, experts say these changes are bound to affect American consumers and raise prices at home.
But what exactly is a tariff? Click through the following gallery to find out how the new tariffs may impact you.
Trump to impose 25% tariff on any country buying Venezuelan oil
“Liberation Day” has also been delayed
LIFESTYLE Politics
President Donald Trump has revealed that he will impose 25% tariffs on any country purchasing oil from Venezuela.
Posting on his Truth Social page on March 24, Trump said, “Venezuela has been very hostile to the United States and the Freedoms which we espouse. Therefore, 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 also claimed that Venezuela had “purposefully and deceitfully” sent criminals to the United States, although he presented no evidence to support this.
On April 2, 25% charges on imports of pharmaceuticals, cars, and lumber were supposed to begin. However, despite announcing new tariffs, Trump’s self-titled “Liberation Day” has now been reportedly delayed. When they do come into effect, though, experts say these changes are bound to affect American consumers and raise prices at home.
But what exactly is a tariff? Click through the following gallery to find out how the new tariffs may impact you.