
Bitcoin.com News|Mar 25, 2025 14:47
🇺🇸⚔️ The U.S. is ramping up its economic warfare strategy! President Trump has signed an executive order imposing a 25% tariff on products from countries buying crude oil from Venezuela, effective April 2. ⛽️📉
This order targets not just direct purchases but also transactions through intermediaries, giving Secretary of State Marco Rubio discretionary power in enforcement. Trump claims this measure responds to alleged organized crime linked to Venezuela's Maduro regime, which he blames for destabilizing the Western Hemisphere.
Ironically, the U.S. is the second-largest buyer of Venezuelan oil, with Chevron leading operations there, but they've been ordered to halt activities by May 27. China remains the largest buyer, and this move could strain U.S.-China trade relations further.
Fernando Ferreira from Rapidan Energy warns that if implemented, these tariffs could disrupt Venezuelan exports, leading many countries to self-sanction to avoid penalties. What are your thoughts on this escalating situation? Let us know!
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