Trump Authorizes 25% ‘Secondary’ Tariff on Venezuela Oil Buyers

WATCH: President Donald Trump outlines his plan for tariffs that are going to come into effect on April 2. Source: Bloomberg

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By Jordan Fabian, Lucia Kassai, and Jennifer A Dlouhy

March 24, 2025 at 2:46 PM UTC

Updated on

March 24, 2025 at 11:18 PM UTC

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President Donald Trump on Monday issued an order allowing a 25% tariff to be imposed on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute with the Latin American country over immigration with a move that risks roiling the global energy trade.