Trump’s Threat of ‘Secondary Tariffs’ Invents New Trade Tool

WATCH: US President Donald Trump issued an order allowing a 25% tariff to be imposed on any nation purchasing oil and gas from Venezuela in what he dubbed “secondary tariffs.” Katia Dmitrieva breaks down the situation.Source: Bloomberg

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By Daniel Flatley

March 25, 2025 at 2:08 AM UTC

Updated on

March 25, 2025 at 2:22 PM UTC

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President Donald Trump appeared to invent a new economic statecraft tactic on Monday by threatening what he dubbed “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade with other nations.