Venezuela's oil trade to China stalls after new Trump Administration tariffs
#Trade of Venezuelan #oil to its main buyer, #China, stalled on Tuesday after #U.S. President Donald Trump's order threatening to impose #tariffs on countries buying from #Caracas created new uncertainty, days after U.S. sanctions targeting Chinese #imports from Iran. #Chinese traders and #refiners said they were waiting to see how the order would be implemented and whether #Beijing will signal them to stop buying, although several industry insiders said they expect flows to eventually continue, noting frequent changes in Trump's tariff threats. A senior executive at a regular Chinese trader of Venezuelan oil said the firm will refrain from buying any April #shipments.
https://www.reuters.com/business/energy/trade-venezuelan-oil-china-stalls-after-new-trump-order-2025-03-25/