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The U.S. President has announced the imposition of secondary tariffs on Venezuela, which will effectively function as sanctions. According to the administration, any country that imports oil or gas from Venezuela will incur a 25% tariff on its trade with the United States. This new policy is set to take effect on April 2nd and is presented as a response to immigration and legal issues arising from the Venezuelan government's actions. This innovative use of tariff powers is reportedly unprecedented, raising concerns among international businesses that engage in trade with Venezuela, particularly those involved in oil importation.