Donald Trump Announces 25% Tariff On Countries Buying Venezuelan Oil

Since returning to the White House in January Trump has unleashed tariffs on US allies and foes alike, attempting to strong-arm both economic and diplomatic policy via the mechanism.

The latest across-the-board 25 percent levies targeting buyers of Venezuelan oil will come into effect April 2, Trump said on his Truth Social platform Monday.

Trump has dubbed the date "Liberation Day" for the world's biggest economy, already promising reciprocal tariffs tailored to each trading partner in an effort to remedy practices that Washington deems unfair.