The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.
Add your comment!Venezuela has agreed with the US Trump administration to resume repatriation flights for deported Venezuelan nationals, officials announced confirming first flights on Sunday. Jorge Rodriguez, Venezuela's National Assembly President said the goal was to “ensure the return of our countrymen with the protection of their human rights.”
Add your comment!By Gwynne Dyer - After the Second World War, the rule of law prevented borders from changing, explains Gwynne Dyer, but it's at risk due to Trump. On March 18, there was a vote in the Bundestag, the lower house of the German parliament that may have changed the course of history. When the vote came out ‘Yes’, you could feel the tectonic plates shift. Germany has voted to rearm.
Venezuela's Chavista regime confirmed Thursday the resumption of repatriation flights for migrants deported from the United States under the Return to the Homeland Plan, following an agreement with US Special Envoy Richard Grenell. National Assembly Speaker Jorge Rodríguez announced the initiative and blamed Washington for the delays after President Donald Trump revoked Chevron's license to operate in the South American country. Since the program began, over 300 Venezuelans have been repatriated on three flights.
US President Donald Trump threatened Thursday to impose a 200% tariff on all European Union (EU) alcoholic products, including wines, champagnes, and other beverages, in response to the reinstatement of a 50% tariff on American whiskey. The EU's tariffs, announced by the European Commission on Wednesday, are set to begin on April 1 and fully take effect by April 13, targeting US$ 19.6 billion in US imports. This move retaliates against Trump's recent 25% tariffs on steel and aluminum imports starting Thursday. The EU tariffs also revive previous measures from 2018 and 2020, impacting US$ 8.7 billion in US goods, focusing on products from Republican-led states like soybeans, beef, and poultry.
The Brazilian government criticized US President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports. The protectionist move is foreseen to cause the South American country around US$ 1.5 billion loss in exports, primarily affecting semi-finished products. Despite its potential impact on the steel sector, minimal effects on Brazil's GDP and total exports are projected. The Government of President Luiz Inácio Lula da Silva favors negotiation over retaliation.
Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.
US President Donald Trump extended to Canada a waiver on the 25% tariffs he had given Mexico earlier Thursday until April 2, 2025. The Republican leader signed an executive order exempting goods compliant with the USMCA trade agreement and reducing the tariff on Canadian potash - which is used in fertilizer - to 10%. This follows his imposition of the tariffs, citing concerns over fentanyl trafficking and irregular migration.
US President Donald Trump announced a temporary exemption from new 25% tariffs for goods from Mexico covered under the 2020 United States-Mexico-Canada Agreement (USMCA). The Republican leader adopted the measure following a telephone conversation with Mexican President Claudia Sheinbaum. The exemption, effective until at least April 2, reverses tariffs imposed earlier this week, aimed at addressing fentanyl trafficking and trade imbalances.
US President Donald Trump on Wednesday sent an ultimatum to the terrorist organization Hamas to release all hostages or face hell. “'Shalom Hamas' means hello and goodbye. You have a choice,” he stressed, meaning he was done talking. The Republican leader also stressed he was sending Israel “everything it needs to finish the job” in Gaza