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China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil

  • China criticized the Trump administration's tariff measure that imposes a 25 percent tax on countries importing Venezuelan oil and gas, deeming it a form of economic warfare.
  • Oil exports from Venezuela, which were 910,000 barrels per day in February, are already strained as countries like China and India halt purchases due to the new tariffs.
  • Venezuelan officials claimed that the United States is violating international trade rules and has accused it of waging an economic war.
  • Venezuelan officials asserted their commitment to strengthening the oil industry despite the sanctions.
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El Economista broke the news in on Tuesday, March 25, 2025.
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