Venezuela, pres. Maduro signs Emergency Decree to face U.S. Trade War

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President Nicolás Maduro of Venezuela has signed an economic emergency decree aimed at stabilizing the country's economy amidst rising international tariffs and the cancellation of critical trade licenses. teleSUR

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00:00Venezuelan president Nicolás Maduro signed a Decree of Economic Emergency Tuesday,

00:04empowering the state to adopt different measures to face a trade war began by the United States.

00:10During the activation of the so-called telecommunications and new technologies

00:13engine at the Polyhedron Arena in Caracas, Maduro sealed the constitutional action

00:19that allows the adoption for two months of urgent and extraordinary measures

00:23to protect all the country's productive sectors and defend the national economy.

00:27The action is promoted by the Venezuelan government to face the global threat

00:30posed by the large-scale tariff imposition by the U.S. government.

00:33At the same time, the president praised the solid stock market index registered in the country

00:38in the midst of the tariff war being waged by Washington.

00:47Based on the national dialogue, based on the national effort,

00:51I am going to proceed, as I announced yesterday, to sign the decree by which

00:57in view of the international circumstances and the impact of the economic trade war

01:07against the world and against Venezuela, against our entire continent,

01:12I appeal to the constitutional powers granted to me by the decree of economic emergency to protect,

01:24integrally, all the productive sectors and guarantee balance, harmony, capacity of resistance and

01:31recovery in the face of the circumstances that arise in the world.

01:43I proceed, today, April 8, to sign the decree of economic emergency that empowers me for two months to act,

01:51and to implement different modalities of public policies to defend the national economy,

02:01to protect it and to move forward.

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