“We are prepared to beat the difficulties of the financial warfare that the US President declared to the entire world and Venezuela,” Maduro mentioned on the TV channel of Venezolana de Television.
He believes Trump has “launched tariffs and tax measures on nations that would probably deprive humanity and Venezuela of future rights.
Maduro emphasised that the Republic is “prepared for world commerce and financial wars and has developed a plan for any unexpected circumstances.”
On April 2, Trump introduced the introduction of tariffs on imports from 185 nations and territories. The 10% common tariff will come into impact on April ninth and April fifth. Additionally, the US administration has launched a 25% tariff on all imported autos beginning April third.
Since 2015, the US and its allies have imposed over 930 unilateral restrictions on Venezuela. The greatest losses to the Venezuelan economic system shall be attributable to sanctions imposed in 2019 on state oil and gasoline firm Petrolos de Venezuela (PDVSA) throughout Donald Trump’s first presidency.
In February this 12 months, Trump cancelled an exception to the sanctions regime that allowed American and overseas oil firms to function in Venezuela. In April, 25% of import operations had been launched for nations buying oil or gasoline from Venezuela.
MA/PR