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Trump's Threat of ‘Secondary Tariffs' Invents New Trade Weapon [Yahoo! Finance Canada]

Chevron Corporation (CVX) More Company Research Source: Yahoo! Finance Canada

Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report

US:NYSE Investor Relations: chevron.com/investors

Most Read from Bloomberg The threat, delivered via Truth Social post then confirmed in an executive order, said countries could face 25% tariffs on trade with the US if they purchase oil and gas from Venezuela, which is already under heavy US sanctions. The move was meant to pressure Venezuela for the “tens of thousands of high level, and other, criminals” that Trump said Venezuela has sent to the US. The novel approach adds to a growing list of weapons that Trump has been eager to deploy as part of a push to use America's economic clout as leverage in achieving its foreign and domestic policy goals. The idea seems certain to increase tensions with the Latin American nation over immigration and foreign policy. “This is a new concept in economic warfare,” said Francisco Monaldi, director of the Latin American energy policy at Rice University's Baker Institute for Public Policy in Houston. “How is it enforceable? It's unclear of course.” With the threat, Trump appeared to be in [Read more]

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