Trump’s threat of ‘secondary tariffs’ invents new trade weapon
- Posted on March 25, 2025
- By Business News Today
- 7 Views
Trump’s threat of ‘secondary tariffs’ invents new trade weapon
President Donald Trump introduced “secondary tariffs” to impose a 25% trade penalty on countries buying oil from Venezuela, aiming to cut off Venezuela's oil trade. The directive targets China and other nations, signaling intensified economic measures amidst ongoing U.S.-Venezuela tensions.
