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Unexpected! Trump may impose an additional 25% tariff on China! Because of Venezuelan oil!
Mar 25,2025
According to multiple media reports, on March 24, local time, the US political circle threw another "heavy bomb". US President Trump announced a series of staggering tariff measures, which instantly caused a stir in the global economy.
Trump was the first to "officially announce" on social media that a 25 percent "sub-tariff" would be imposed on countries buying Venezuelan oil and gas, and the tariff would officially "take effect" on April 2. Mr. Trump's reasoning sounds far-fetched, accusing Venezuela of being "hostile" to the United States and even claiming that it secretly sent tens of thousands of undercover high-ranking criminals to the United states, although this claim has so far been unsubstantiated.
Upon hearing this news, the Venezuelan government reacted very fiercely and immediately stood up against it, saying it was a "new act of aggression" by the United States. Remember, oil exports are the "backbone" of Venezuela's economy, accounting for more than 80% of its total exports, and the US is undoubtedly trying to hit the critical cause of the Venezuelan economy.
Moreover, the United States itself is an important buyer of Venezuela's energy, market research institutions data show that in 2024, Venezuela's daily exports of crude oil to the United States is about 233 thousand barrels, the tariff on the impact of bilateral energy trade relations can be imagined.
The Venezuela-related tariffs were just announced, and Trump went on to reveal that in the coming days he also intends to impose additional tariffs on industries such as cars, pharmaceuticals, wood and chips. At the same time, he also mentioned that as the "reciprocal tariffs" take effect on April 2 is approaching, tariff preferences may be offered to a number of countries, although exactly which countries and what kind of preferences are unknown, which is fraught with uncertainty.
In addition, Trump made a point of stressing that not all tariffs will take effect on April 2, which makes the world unclear about the future direction of U.S. tariffs.
During the Trump administration, he has frequently used tariffs as a "conventional weapon" of external pressure, whether in response to trade disputes or moments of international tension, and has frequently invoked the banner of tariffs. This tariff on Venezuelan oil and gas is certainly another typical move. His so-called "secondary tariffs," essentially similar to "secondary sanctions," are intended to isolate the targeted countries by cutting off third countries' economic ties with the United States and forcing other countries to comply with U.S. sanctions.
Trump's series of tariffs has frightened economists and market participants. Everyone is concerned that the US economy is already somewhat "weak," and these tariff measures by the Trump administration may well become the last straw to crush the camel, causing the US Economy to fall into recession or even worse stagflation.
Bruce Kasman, chief global economist at Jpmorgan Chase, reckons that the probability of a recession in America this year has shot up to around 40%, up from 30% earlier this year.
Trump took to social media to "shout out" to the Fed, calling for a quick rate cut to mitigate the negative impact of the tariffs on the US economy. But the market is not buying it, and the international community is also widely concerned and worried about Trump's tariff measures.
These tariff measures are like knocking down a domino, and are likely to have a profound impact on the global economy, further increasing international trade tensions and making an already unsettled global economy "even worse."
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