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Reading: Trump says any nation that purchases oil from Venezuela must pay 25% tariff on commerce with U.S.
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StockWaves > Global Markets > Trump says any nation that purchases oil from Venezuela must pay 25% tariff on commerce with U.S.
Global Markets

Trump says any nation that purchases oil from Venezuela must pay 25% tariff on commerce with U.S.

StockWaves By StockWaves Last updated: March 24, 2025 1 Min Read
Trump says any nation that purchases oil from Venezuela must pay 25% tariff on commerce with U.S.
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Venezuelan migrants deported from the USA and stranded in Honduras disembark from a Conviasa Airways aircraft upon arrival at Simon Bolivar Worldwide Airport in Maiquetia, Venezuela on March 24, 2025. 

Juan Barreto | Afp | Getty Pictures

President Donald Trump stated Monday any nation that buys oil and gasoline from Venezuela will face a 25% tariff on any commerce that nation does with the USA.

The tariff will happen on April 2, the president stated in a publish on his social media platform Reality Social.

U.S. crude oil was up 77 cents, or 1.13%, at $69.05 per barrel by 10:54 am ET. World benchmark Brent was buying and selling 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 overseas terrorist group.

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