27 Mar 2025
🌍Executive Order on Tariffs Regarding Venezuelan Oil Imports
Imposing Tariffs on Countries Importing Venezuelan Oil
Summary
Executive Order 14245 addresses the threat posed by Venezuela's Maduro regime and the Tren de Aragua gang, imposing tariffs on countries importing Venezuelan oil to protect U.S. interests. The order asserts the ongoing national emergency and outlines enforcement guidelines while establishing the definitions and scope of "Venezuelan oil."
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The document imposes a 25% tariff on goods imported from countries that import Venezuelan oil, creating potential cost increases for businesses reliant on these imports. This regulation directly impacts supply chains, pricing strategies, and trade relationships, necessitating compliance and strategic adjustments in affected industries.