Trump announces 25% secondary tariff on Venezuela, effective April 2

President Trump announced a new 'secondary tariff' on Venezuela, set to take effect on April 2, 2025, targeting countries that purchase oil or gas from Venezuela. He accused Venezuela of sending criminals, including members of the gang Tren de Aragua, to the U.S. and described the country as hostile to American values. The tariff will impose a 25% charge on trade with nations buying Venezuelan oil and gas, as part of broader efforts to address immigration and crime linked to Venezuelan gangs. This announcement coincides with Trump's plans for reciprocal tariffs affecting multiple countries, which he has dubbed 'Liberation Day.' The U.S. has already begun deporting alleged Venezuelan gang members as part of its crackdown on criminal activity. The approach marks a significant shift in U.S. trade policy, as the administration seeks to reshape its relations with various countries.