In this executive order, the President of the United States announces new tariffs on nations that import oil from Venezuela, starting April 2, 2025. The decision aims to address the national emergency concerning Venezuela, which poses a threat to U.S. security and foreign policy, partly due to the actions of the Venezuelan government and the involvement of the Tren de Aragua gang. The order allows a 25% tariff on imports from countries receiving Venezuelan oil, directly or indirectly, to be implemented or lifted based on specific criteria and consultations between various U.S. governmental departments. These measures are an effort to mitigate the impact of Venezuela's destabilizing activities on the United States and its interests.
Simple Explanation
The President decided to add extra charges, called tariffs, on things bought from countries that get oil from Venezuela because some actions in Venezuela are causing trouble for the U.S. This is like putting a price tag on things from those countries to try and keep everything fair and safe.