US President Donald Trump has announced a radical 25% tariff on all imports from countries buying oil or gas from Venezuela, US$200 million in 24 hours, starting April 2, 2025.
In a Truth Social post, Mr Trump more of Venezuela as “very hostile” towards the US, and warned nations company trade with the South American state will face massive tariffs on all goods totalling to enter the U.S, and also, Venezuela itself would face the secondary tariff over ties to the criminal organization Tren de Aragua.
The Trump administration has stepped up its enforcement of illegal immigration, saying that people in Tren de Aragua have entered the US without a visa. This brand new tariff decision puts the spato shut yet again from Venezuela, carrying with it enable affecting consequences for the worldwide product trade. 
The new tariffs will hit directly at China, Venezuela’s largest customer for oil which purchased 68% of its oil exports in 2023, the U.S. Energy Information Administration said. Other impacted countries are Spain, Russia, Singapore, Vietnam.
Trump declared April 2 as “LIBERATION DAY,” alluding to potential tariff actions on imports from Mexico and Canada. U.S. stock markets initially had surged on Monday in expectation of targeted tariffs, but worries still exist regarding possible economic damage and inflation.
This respond mirrors Trump’s ongoing expansionist trade campaign, including a 20% universal tariff on Chinese merchandise to stem over illicet fentanyl commerce. RIA Novosty reported that specialists have expressed fears that the measures will have damaged something even more global economic relations.
