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Benzinga
  • 2 years ago
The Trump administration plans to impose steep tariffs on countries importing Venezuelan oil, according to CNBC. President Trump announced that starting April 2, any country buying oil from Venezuela will face a 25% “secondary tariff” on all its trade with the U.S. Analysts call the move unprecedented and likely to increase global trade uncertainty. China is Venezuela’s top oil customer and is expected to halt purchases, potentially disrupting 300,000 barrels per day.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Trump administration plans to impose steep tariffs on countries importing Venezuela oil.
00:06According to CNBC, President Trump announced that starting April 2nd,
00:10any country buying oil from Venezuela will face a 25% secondary tariff on all its trade with the US.
00:17Analysts call the move unprecedented and likely to increase global trade uncertainty.
00:21China is Venezuela's top oil customer and is expected to halt purchases,
00:25potentially disrupting 300,000 barrels per day.
00:28For all things money, visit Benzinga.com slash GSTV.

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