In a move that could reshape global trade dynamics, US President Donald Trump has announced a 25% tariff on imports from countries purchasing Venezuelan oil and gas, a policy that could significantly impact India and China, two of Venezuela key energy customers. The new levies, which could take effect as soon as April 2, add to growing global trade uncertainties as Washington continues to tighten its stance against countries engaging with Venezuela.
The Trump administration’s directive states that the secondary tariff will apply on top of existing duties, further escalating economic tensions. According to reports, Venezuela exported 500,000 barrels of oil per day to China and 240,000 barrels to the US in February, making the impact of these tariffs potentially far-reaching.
Trump justified the move in a post on Truth Social, accusing Venezuela of “purposefully and deceitfully” sending criminals into the United States. He also cited Venezuela’s hostile stance toward the US and its democratic values as a key reason for the tariffs.
While the US Secretary of State will have the authority to determine the final implementation of the levy, the policy threatens to disrupt India’s energy security and China’s trade balance, given their reliance on Venezuelan crude supplies.
As geopolitical tensions mount, analysts predict that the tariff war could spill over into broader economic conflicts, further complicating relations between Washington and its trading partners. With Venezuela expected to retaliate diplomatically, the world is now watching how India, China, and other affected nations respond to this latest power play in global trade.
