Donald Trump said the US would impose a 25 per cent tariff on all imports from any country that buys oil from Venezuela, a move that could disrupt crude markets and sharply raise levies on goods from China and India.
The announcement on Monday came days ahead of the president’s planned unveiling of a new tariff regime on US trading partners and amid a chaotic trade policy rollout marked by reversals and U-turns.
In a post on Truth Social, Trump said he was imposing the tariff for “numerous reasons”, alleging that “Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature”.
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