The US government has announced new tariffs targeting countries that import oil from Venezuela, following President Trump's Executive Order. The move aims to restrict the Maduro regime in Venezuela and prevent any country from profiting from its oil production.
The Secretary of State, Marco Rubio, stated that the US will not tolerate any third-country companies or individuals producing, extracting, or exporting oil and related products with the Maduro regime in Venezuela. This is due to the regime's history of electoral manipulation, corruption, and collaboration with adversaries.
As a result, countries that allow their companies to operate in Venezuela will face new tariffs on imported oil, while individual companies involved in oil production, extraction, or exportation will be subject to sanctions. The US Department of State will closely monitor the situation and take enforcement actions as necessary.
The decision follows President Trump's recent Executive Order, which emphasizes the need for a unified international response to the Maduro regime's activities. The Bureau of Economic and Business Affairs and the Bureau of Western Hemisphere Affairs are leading the efforts to implement this policy.
This move is part of the US government's ongoing efforts to promote economic growth and prosperity in the region, while also addressing concerns about corruption and human rights abuses in Venezuela.