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ARTICLE · 04 APRIL 2025

U.S. Plans "Secondary" Tariffs On Countries Importing Venezuelan Oil

Cassidy Levy Kent LLP
Cassidy Levy Kent LLP
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Cassidy Levy Kent LLP

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In Executive Order ("E.O.") 14245 of March 24, 2025, President Trump announced that a 25 percent tariff may be imposed on all goods imported into the United States...

GlobalInternational Law
Ulrika K. Swanson
Ulrika K. Swanson
Stephen Laufer
Stephen Laufer
Benjamin Duffy-Howard
Benjamin Duffy-Howard
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In Executive Order ("E.O.") 14245 of March 24, 2025, President Trump announced that a 25 percent tariff may be imposed on all goods imported into the United States from any country found to import Venezuelan oil, whether directly from Venezuela or through third parties, effective April 2, 2025. The E.O. defines Venezuelan oil as "crude oil or petroleum products extracted, refined, or exported from Venezuela, regardless of the nationality of the entity involved in the production or sale of such crude oil or petroleum products."

The E.O. authorizes the Secretary of State to determine in his discretion whether the 25 percent tariff will be imposed on goods from any country that imports Venezuelan oil. Once imposed on a country, the tariff shall expire one year after the last date on which the country imported Venezuelan oil, or at an earlier date as determined by the Secretary of Commerce.

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