29-March-2025
Corporate News
 
Trump’s threat of ‘secondary tariffs’ invents new trade weapon
26-Mar-2025

President Donald Trump appeared to invent a new weapon of economic statecraft on Monday by threatening what he dubbed “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade with other nations. The threat, delivered via Truth Social post then confirmed in an executive order, said countries could face 25% tariffs on trade with the US if they purchase oil and gas from Venezuela, which is already under heavy US sanctions.

News Source:- https://economictimes.indiatimes.com/news/international/global-trends/trumps-threat-of-secondary-tariffs-invents-new-trade-weapon/articleshow/119471137.cms