Fueling Pressure: Trump's tariffs on Venezuelan oil

In a landmark escalation of economic pressure, the Trump administration has announced a sweeping 25% across-the-board tariff on all goods imported into the United States from any country that imports Venezuelan oil, either directly from Venezuela or indirectly through third parties. Set to take effect on April 2, 2025, the executive order is aimed not only at cutting off a key revenue stream for Nicolás Maduro’s regime but also to penalize third-party countries that enable its exports.