Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Trump to impose sharp tariff on countries buying Venezuelan oil
WASHINGTON, DC - MARCH 24: U.S. President Donald Trump joined by Attorney General Pam Bondi delivers remarks during a cabinet meeting at the White House on March 24, 2025 in Washington, DC. This is Trump's third cabinet meeting of his second term, and it focused on spending cuts proposed by the Department of Government Efficiency (DOGE). Win McNamee/Getty Images/AFP WIN MCNAMEE / GETTY IMAGES NORTH AMERICA / Getty Images via AFP
International News, Latest News
March 24, 2025

Trump to impose sharp tariff on countries buying Venezuelan oil

Washington, United States (AFP)—US President Donald Trump announced Monday steep tariffs on imports from countries buying oil and gas from Venezuela, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.

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.

These could hit China and India in particular.

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.

On Monday the White House said it might consider more targeted tariffs than expected.

In his latest announcement involving Venezuela, the president cited “numerous reasons” for what he called a “secondary tariff.”

He accused Venezuela of “purposefully and deceitfully” sending “undercover, tens of thousands of high level, and other, criminals” to the United States.

He added in his post that “Venezuela has been very hostile to the United States and the Freedoms which we espouse.”

Under past rounds of US sanctions, Venezuela had been able to shift exports to major economies like China and India.

Trump’s announcement comes as the deportation pipeline between the United States and Venezuela was suspended last month when Trump claimed Caracas had not lived up to a deal to quickly receive deported migrants.

Venezuela subsequently said it would no longer accept the flights.

But Caracas said Saturday that it had reached agreement with Washington to resume repatriations after which nearly 200 Venezuelan citizens were deported from the United States via Honduras.

– Narrower focus? –

Trump’s latest move adds to a range of tariffs he has already vowed would start on or around April 2.

He previously promised sweeping sector-specific duties hitting imported automobiles, pharmaceuticals and semiconductors.

As things stand, however, his plans might become more targeted and affect certain trading partners more heavily.

Sector-specific tariffs “may or may not happen April 2,” a White House official told AFP on Monday, adding that the situation is “still fluid.”

“No final decisions have been made yet on sectoral tariffs being tacked onto reciprocal for April 2,” the official said on condition of anonymity.

But the official reaffirmed that reciprocal tariffs would take place.

Hopes of a narrower tariff rollout earlier gave financial markets a boost.

The White House has vowed to impose “big tariffs” on April 2 in a major escalation of Trump’s trade war, saying that “America has been ripped off by every country around the world.”

Last week, Treasury Secretary Scott Bessent told Fox Business’ Maria Bartiromo that Washington would go to trading partners with an indication of where tariff levels and non-tariff barriers are.

If countries stopped their practices, Bessent added, they could potentially avoid the “tariff wall.”

In the same interview, Bessent noted that the levies would be focused on about 15 percent of countries who have trade imbalances with the United States, dubbing these a “dirty 15.”

Tags:

gas US President Donald Trump Venezuela
{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

WATCH: NCB Foundation commends Black River community stalwart
Latest News, News
WATCH: NCB Foundation commends Black River community stalwart
December 27, 2025
ST ELIZABETH, Jamaica — A long-serving community volunteer whose quiet acts of kindness have touched generations in Black River was on Saturday recogn...
{"jamaica-observer":"Jamaica Observer"}
Zachary Harding faces questioning in SSL fraud saga
Latest News, News
Zachary Harding faces questioning in SSL fraud saga
December 27, 2025
Having previously declared that “my hands are clean”, former CEO of Stocks and Securities Limited (SSL) Zachary Harding, is now facing questions from ...
{"jamaica-observer":"Jamaica Observer"}
GraceKennedy mourns passing of business leader Mable Tenn
Latest News, News
GraceKennedy mourns passing of business leader Mable Tenn
December 27, 2025
KINGSTON, Jamaica — GraceKennedy has expressed deep sadness at the passing of businesswoman and former director Mable Tenn. In a release, GraceKennedy...
{"jamaica-observer":"Jamaica Observer"}
Three taken into custody in relation to SSL fraud probe
Latest News, News
Three taken into custody in relation to SSL fraud probe
December 27, 2025
KINGSTON, Jamaica — Three individuals have been taken into police custody following a coordinated early-morning operation by multiple law enforcement ...
{"jamaica-observer":"Jamaica Observer"}
Man slapped with multiple charges including murder
Latest News, News
Man slapped with multiple charges including murder
December 27, 2025
KINGSTON, Jamaica — A 25-year-old man has been charged with murder, possession of a prohibited weapon, unauthorised possession of ammunition and makin...
{"jamaica-observer":"Jamaica Observer"}
Jackson welcomes security operations in SSL fraud case
Latest News, News
Jackson welcomes security operations in SSL fraud case
December 27, 2025
KINGSTON, Jamaica — Opposition Spokesman on National Security and Member of Parliament Fitz Jackson has welcomed the start of security operations link...
{"jamaica-observer":"Jamaica Observer"}
Woman dies in motor vehicle crash in Trelawny
Latest News, News
Woman dies in motor vehicle crash in Trelawny
December 27, 2025
TRELAWNY, Jamaica — A woman is now dead and a man nursing injuries following a motor vehicle collision along the One Mile main road in Falmouth Saturd...
{"jamaica-observer":"Jamaica Observer"}
SLB to further enhance digital portal as part of ongoing transformation
Latest News, News
SLB to further enhance digital portal as part of ongoing transformation
December 27, 2025
KINGSTON, Jamaica — The Students’ Loan Bureau (SLB) is looking to further enhance its digital portal, a move that underscores the role of technology i...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct