Trump says countries that purchase oil from Venezuela will pay 25% tariff on any trade with U.S.
The president is piling economic pressure on Venezuela, which he accuses of sending gang members to the U.S.
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Venezuelan migrants deported from the United States and stranded in Honduras disembark from a Conviasa Airlines plane upon arrival at Simon Bolivar International Airport in Maiquetia, Venezuela on March 24, 2025.
Juan Barreto | Afp | Getty Images
President Donald Trump said Monday any nation that buys oil and gas from Venezuela will face a 25% tariff on any trade that country does with the United States.
The tariff will take place on April 2, the president said in a post on his social media platform Truth Social.
U.S. crude oil was up 77 cents, or 1.13%, at $69.05 per barrel by 10:54 am ET. Global benchmark Brent was trading 73 cents, or 1.01%, hither at $72.89 per barrel.
The president accused Venezuela of sending members of the gang Tren de Aragua to U.S. The Trump administration has designed Tren de Aragua as a foreign terrorist organization.
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