Countries buying oil and gas from Venezuela would have to pay a 25% tariff to the US if they also trade with America.

President Donald Trump said countries that purchase oil and gas from Venezuela will face a 25% tariff on the trade those nations have with the U.S. Trump said the tariff will take effect April 2. The president accused Venezuela of sending gang members to the U.

China firmly opposes the move by the United States to penalise countries that buy oil and gas from Venezuela with tariffs on trades with the U.S., the Chinese foreign ministry said on Tuesday.

The president said countries purchasing oil from Venezuela will be forced to pay the tariff on all their trade to the US starting April 2.

President Donald Trump said Monday that he will impose tariffs of 25% on any nation that buys oil from Venezuela.

The United States will impose a 25% tariff on imports from any country that purchases oil products from Venezuela, President Donald Trump announced Monday, saying that move seeks to penalize Caracas’ socialist regime for deliberately sending tens of thousands of criminals to the U.

Secretary of State Marco Rubio was visiting Guyana amid ExxonMobil’s oil production there. Venezuela has asserted claims to a large region of the country. Mr. Rubio later flew to Suriname.

There’s an unconventional twist in U.S. President Donald Trump’s trade fights this week, as he has rolled out what he’s calling a “secondary tariff” on countries that import crude oil or petroleum products from Venezuela.