Venezuela is boosting oil exports to China to the highest in almost two years as the Trump administration deploys sanctions and secondary tariffs to squeeze the Latin American nation. Shipments are set to rise to 400,000 barrels a day this month, the highest since June 2023, according to preliminary data from shipping reports and vessel movements tracked by Bloomberg. China, the world’s biggest oil importer, has historically been a top purchaser of deeply discounted barrels from sanctioned nations, including Venezuela, Iran and Russia.