Trade
Imposing Tariffs on Countries Importing Venezuelan Oil
The order authorizes 25% tariffs on goods from countries that buy Venezuelan oil.
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The measure uses access to the U.S. market to pressure Venezuela’s oil customers and further isolate Nicolás Maduro’s regime. Any tariff imposed would be added to existing duties.
What the order does
- Allows the Secretary of State to impose a 25% tariff on all goods from any country that directly or indirectly imports Venezuelan oil on or after April 2, 2025.
- Directs the Department of Commerce to determine whether countries have imported Venezuelan oil, including through intermediaries or third countries.
- Keeps an imposed tariff in place until one year after the country’s last Venezuelan oil import, unless officials end it earlier.
- Extends any tariff imposed on China to Hong Kong and Macau to reduce transshipment and evasion.
- Requires the Secretaries of State and Commerce to report to the President within 180 days and at least every 180 days afterward.
Who it affects
- Countries that directly or indirectly purchase crude oil or petroleum products extracted, refined, or exported from Venezuela.
- Businesses importing goods into the United States from countries selected for the tariff.
- Venezuela’s oil producers, sellers, intermediaries, and foreign customers.