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Donald Trump to hit countries that buy Venezuelan oil with 25% tariff

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Donald Trump to hit countries that buy Venezuelan oil with 25% tariff

Donald Trump said the US would impose a 25 per cent tariff on all imports from any country that buys oil from Venezuela, a move that could roil crude markets and sharply raise levies on goods from China and India.

The announcement on Monday came days ahead of the president’s planned unveiling of a new tariff regime on US trading partners and amid a chaotic trade policy rollout marked by reversals and U-turns.

In a post on Truth Social, Trump said he was imposing the tariff for “numerous reasons”, alleging that “Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature”.

Venezuela exported 660,000 barrels a day of crude globally last year, according to consultancy Kpler. China, which has been hit with 20 per cent tariffs from Trump this year, is among the top buyers, alongside India, Spain and Italy.

Speaking to reporters later on Monday, Trump said the 25 per cent tariffs on buyers of Venezuelan crude would come in addition to any existing levies.

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“That’s on top of existing tariffs — yes,” the president said.

The US imported about 230,000 b/d from Venezuela in 2024, making the South American nation its fourth-biggest supplier last year.

The latest escalation of Trump’s trade war comes days after Caracas agreed to begin receiving planeloads of deported migrants from the US, in a concession to the US president.

The move risks stoking turmoil in the oil market, something the White House has been keen to avoid in an attempt to prevent supply disruption from raising petrol prices for American motorists. Brent crude rose 1.3 per cent following the announcement.

“If we see Venezuelan supply coming out of the market, that means less global supply, which means oil prices go up,” said Matt Smith, lead oil analyst at Kpler. “That gets passed on to prices of the pump, which is the opposite of President Trump’s goals.”

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The US president referred to Monday’s unprecedented move as a “secondary tariff” and said it would take effect from April 2, which he has dubbed “liberation day”, when reciprocal levies on other countries will also come into force.

Analysts said countries were likely to cut imports rather than risk the tariffs.

“We have never [before] seen secondary tariffs but a literal interpretation of Trump’s Truth Social statement suggests it could lead to a significant disruption to Venezuelan exports,” said Fernando Ferreira, director of geopolitical risk at consultancy Rapidan Energy. 

“Absent clarification from the administration on potential exemptions, I suspect most countries will self-sanction to avoid across-the-board tariffs on all exports to the US,” he added.

The US Treasury recently cancelled Chevron’s licence to operate in Venezuela, which is under broad sanctions, ordering the California-based oil group to wind down its operations within 30 days.

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The Treasury on Monday extended the deadline for Chevron to wind down its oil production in the country until May 27.

Chevron’s licence allowed it to export about 200,000 b/d last year, which Venezuela’s democratic opposition said contributed to funding repression by President Nicolás Maduro’s government.

Chevron declined to comment on either Monday’s tariff announcement or the Treasury extension. The Venezuelan government did not respond to a request for comment.

As part of Venezuela’s agreement to resume accepting deportees from the US, a flight carrying 199 people landed near Caracas on Sunday.

Trump has in recent weeks pushed to deport hundreds of alleged members of the Venezuelan Tren de Aragua gang, which the US has designated a terrorist organisation.

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In his Truth Social post on Monday, the president referenced the gang and said Venezuela had been “very hostile to the United States and the Freedoms which we espouse”.

Earlier this month, the US deported some alleged gang members to El Salvador, where President Nayib Bukele had agreed to hold them in the country’s “very good jails at a fair price that will also save our taxpayer dollars”.

The Department of Justice on Monday said it would deport three alleged Tren de Aragua members to Chile.

The Maduro government, which has often used the exodus of its citizens as leverage in negotiations with Washington, said migrants had been “kidnapped” and sent to El Salvador.

Ryan Berg, director of the Americas programme at Washington think-tank Center for Strategic and International Studies, said if the tariffs hit all countries that have companies with business in Venezuela’s oil sector, they could further isolate Maduro as he seeks to consolidate power.

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“This tariff could actually have a significant impact on making companies exit from Venezuela’s oil market,” Berg said. “We’re in entirely uncharted territory right now.”

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Trump claims US stockpiles mean wars can be fought ‘forever’; Kristi Noem testifies before Congress – US politics live

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Trump claims US stockpiles mean wars can be fought ‘forever’; Kristi Noem testifies before Congress – US politics live

Trump says US stockpiles mean “wars can be fought ‘forever’”

In a late night post on Truth Social, Donald Trump said that the US munitions stockpiles “at the medium and upper medium grade, never been higher or better”.

He added that the US has a “virtually unlimited supply of these weapons”, meaning that “wars can be fought ‘forever’”.

This comes after Trump said that the US-Israel war on Iran could go beyond the four-five weeks that the administration initially predicted. The president also did not rule out the possibility of US boots on the ground in Iran during an interview with the New York Post on Monday.

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“I rebuilt the military in my first term, and continue to do so. The United States is stocked, and ready to WIN, BIG!!!,” he wrote.

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Key events

During his opening remarks, Senate judicicary committee chairman, Chuck Grassley, blamed Democrats for the ongoing shutdown Department of Homeland Security (DHS) but highlighted four agencies: the Secret Service, Federal Emergency Management Agency (FEMA), the Transportation Security Administration (TSA), and the Coast Guard.

Democrats are demanding tighter guardrails for federal immigration enforcement, but a sweeping tax bill signed into law last year conferred $75bn for Immigration and Customs Enforcement (ICE), which means the agency is still functional amid the wider department shuttering.

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Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

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Supreme Court blocks redrawing of New York congressional map, dealing a win for GOP

The Supreme Court

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The Supreme Court on Monday intervened in New York’s redistricting process, blocking a lower court decision that would likely have flipped a Republican congressional district into a Democratic district.    
  
At issue is the midterm redrawing of New York’s 11th congressional district, including Staten Island and a small part of Brooklyn. The district is currently held by a Republican, but on Jan. 21, a state Supreme Court judge ruled that the current district dilutes the power of Black and Latino voters in violation of the state constitution.  
  
GOP Rep. Nicole Malliotakis, who represents the district, and the Republican co-chair of the state Board of Elections promptly appealed to the U.S. Supreme Court, asking the justices to block the redrawing as an unconstitutional “racial gerrymander.” New York’s congressional election cycle was set to officially begin Feb. 24, the opening day for candidates to seek placement on the ballot.  
  
As in this year’s prior mid-decade redistricting fights — in Texas and California — the Trump administration backed the Republicans.   
 
Voters and the State of New York contended it’s too soon for the Supreme Court to wade into this dispute. New York’s highest state court has not issued a final judgment, so the voters asserted that if the Supreme Court grants relief now “future stay applicants will see little purpose in waiting for state court rulings before coming to this Court” and “be rewarded for such gamesmanship.” The state argues this is an issue for “New York courts, not federal courts” to resolve, and there is sufficient time for the dispute to be resolved on the merits. 
  
The court majority explained the decision to intervene in 101 words, which the three dissenting liberal justices  summarized as “Rules for thee, but not for me.” 
 
The unsigned majority order does not explain the Court’s rationale. It says only how long the stay will last, until the case moves through the New York State appeals courts. If, however, the losing party petitions and the court agrees to hear the challenge, the stay extends until the final opinion is announced. 
 
Dissenting from the decision were Justices Sonia Sotomayor, Elena Kagan, and Ketanji Brown Jackson. Writing for the three, Sotomayor  said that  if nonfinal decisions of a state trial court can be brought to highest court, “then every decision from any court is now fair game.” More immediately, she noted, “By granting these applications, the Court thrusts itself into the middle of every election-law dispute around the country, even as many States redraw their congressional maps ahead of the 2026 election.” 

Monday’s Supreme Court action deviates from the court’s hands-off pattern in these mid-term redistricting fights this year. In two previous cases — from Texas and California — the court refused to intervene, allowing newly drawn maps to stay in effect.  
  
Requests for Supreme Court intervention on redistricting issues has been a recurring theme this term, a trend that is likely to grow.  Earlier last month  the high court allowed California to use a voter-approved, Democratic-friendly map.  California’s redistricting came in response to a GOP-friendly redistricting plan in Texas that the Supreme Court also permitted to move forward. These redistricting efforts are expected to offset one another.     
   
But the high court itself has yet to rule on a challenge to Louisiana’s voting map, which was drawn by the state legislature after the decennial census in order to create a second majority-Black district.  Since the drawing of that second majority-black district, the state has backed away from that map, hoping to return to a plan that provides for only one majority-minority district.    
     
The Supreme Court’s consideration of the Louisiana case has stretched across two terms. The justices failed to resolve the case last term and chose to order a second round of arguments this term adding a new question: Does the state’s intentional creation of a second majority-minority district violate the constitution’s Fourteenth and Fifteenth Amendments’ guarantee of the right to vote and the authority of Congress to enforce that mandate?    
Following the addition of the new question, the state of Louisiana flipped positions to oppose the map it had just drawn and defended in court. Whether the Supreme Court follows suit remains to be seen. But the tone of the October argument suggested that the court’s conservative supermajority is likely to continue undercutting the 1965 Voting Rights Act.   

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Map: Earthquake Shakes Central California

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Map: Earthquake Shakes Central California

Note: Map shows the area with a shake intensity of 3 or greater, which U.S.G.S. defines as “weak,” though the earthquake may be felt outside the areas shown.  All times on the map are Pacific time. The New York Times

A minor earthquake with a preliminary magnitude of 3.5 struck in Central California on Monday, according to the United States Geological Survey.

The temblor happened at 7:17 a.m. Pacific time about 6 miles northwest of Pinnacles, Calif., data from the agency shows.

As seismologists review available data, they may revise the earthquake’s reported magnitude. Additional information collected about the earthquake may also prompt U.S.G.S. scientists to update the shake-severity map.

Source: United States Geological Survey | Notes: Shaking categories are based on the Modified Mercalli Intensity scale. When aftershock data is available, the corresponding maps and charts include earthquakes within 100 miles and seven days of the initial quake. All times above are Pacific time. Shake data is as of Monday, March 2 at 10:20 a.m. Eastern. Aftershocks data is as of Monday, March 2 at 11:18 a.m. Eastern.

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