Imposing Tariffs on Countries Importing Venezuelan Oil

What it means

Authorizes a 25% tariff on goods from countries importing Venezuelan oil, directly or indirectly. This measure targets the Maduro regime and its connections to the Tren de Aragua gang, which has been designated as a terrorist organization. The Secretary of State has discretion over which countries face tariffs.

Expected impact

• Potential reduction in countries willing to import Venezuelan oil, further isolating the Maduro regime economically
• Possible trade tensions with countries currently importing Venezuelan oil, particularly China
• Higher prices for American consumers on imported goods from affected countries
• Strengthened sanctions against Venezuela that may pressure the Maduro government
• Disruption to global oil markets as countries reconsider Venezuelan oil purchases