Trump slaps tariff on countries importing gas/oil from Venezuela
Business
Finance
March 24, 2025
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SINCE US President Trump announced a 25 per cent import tariff on countries buying oil and gas from Venezuela on March 24, the big question in TT is, what does this mean for this country’s exports?
While one chamber said the tariffs could have a deleterious effect on TT’s export manufacturing industry, one expert has said the tariffs, like those against countries such as Mexico and Canada, would likely do the US economy more harm than it would to TT's economy.
Trump, through a post on his Truth Social platform, announced a “secondary tariff” on Venezuela saying it was in response to Venezuela “purposely and deceitfully” sending tens of thousands of criminals to the United States.
Business
Finance
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