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flag President Trump imposes 25% tariff on Venezuela's oil exports, citing national security concerns.

flag President Trump announced a 25% tariff on countries buying oil or gas from Venezuela, set to start April 2. flag He claims Venezuela has been hostile to the US and accuses it of sending violent criminals, including members of the Tren de Aragua gang, to the US. flag The move targets Venezuela's oil-dependent economy, which relies on exports for over 80% of its revenue. flag The tariff coincides with reciprocal tariffs for Canada and Mexico.

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