How Trump Plans to Punish Importers of Venezuelan Oil: QuickTake

Having embraced tariffs as a central tool of both economic policy and diplomacy, US President Donald Trump has been creative with his proposals on how to deploy the import taxes. One example is his plan to impose so-called reciprocal tariffs — new duties to be customized for each trading partner with the aim of offsetting any of its practices deemed to put American exporters at a disadvantage. Another example: he’s threatened to impose what he’s calling secondary tariffs on imports from countries that buy oil from Venezuela, whose economy relies heavily on crude sales.

Donald Trump

Photographer: Mandel Ngan/AFP/Getty Images

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