Trump Sanctions Chief Pick Warns ‘Consequences’ on Venezuela Oil

President Donald Trump’s pick to take the lead on US sanctions strategy warned of “consequences” for any nation that imports Venezuelan oil, signaling a tough line against Nicolas Maduro’s regime and potential repercussions for China.

The threat from John Hurley, a hedge fund veteran who’s been nominated to oversee the Treasury Department’s terrorism and financial intelligence arm, follows a White House executive order last month that said countries could face 25% tariffs on trade with the US if they purchase oil and gas from the OPEC member.