It is 3 April, so any country buying Venezuelan oil must face a 25% tariff on all its trade with the United States. That is according to President Donald Trump’s executive order signed on 24 March. The White House has also ordered companies with sanctions waivers to quit Venezuela by 27 May, including Chevron, Repsol, and Maurel et Prom.
But it looks like some traders are undaunted by the U.S. government’s threats. Tankers are still sailing to Venezuela, contradicting Trump’s statement on 30 March: “Every ship just got out…Despite Trump’s Crackdown, Venezuela Still Has Buyers
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