Blogs3.27.25
'Secondary' Tariffs Target Countries Importing Venezuelan Oil
On March 24, President Donald Trump issued a new Executive Order that authorizes tariffs on countries importing Venezuelan oil. More specifically, starting on or after April 2, 2025, the U. S. may impose a 25 percent tariff on all goods imported into the U. S. from any country that imports Venezuelan oil, whether directly from Venezuela or indirectly through third parties. These tariffs would expire one year after the last date on which the country imported Venezuelan oil, or at an earlier date subject to U. S. government discretion.
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