On March 25th, the White House announced on the 24th local time that US President Trump has signed an order to impose sanctions on countries that import Venezuelan oil. On the 24th, US President Trump announced on social media that he will impose a 25% tariff on countries that purchase Venezuelan oil and gas, and accused this Latin American country of being “hostile” towards the United States. Trump said that the relevant tariffs will take effect on April 2nd. On the 24th, Venezuelan Foreign Minister Hill stated that the US measure to impose a 25% tariff on countries that purchase oil and natural gas from Venezuela is “illegal” and “arbitrary”.
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