Trump Moves to Punish Venezuelan Oil Trade, With China and India Likely to Feel the Blow

U.S. President Donald Trump delivers remarks in the Roosevelt Room of the White House March 24, 2025 in Washington, DC. WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP

By Beiyi Seow and Becca Milfed

U.S. President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.

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