In an unexpected shift in the global trade war, U.S. President Donald Trump has yielded to market pressures and announced a partial 90-day truce, during which he will suspend the imposition of new tariffs.
The White House confirms the move after Beijing maintained its retaliatory tariffs, while China consolidates its digital yuan to challenge the dominance of the dollar.
The Italian company is seeking an exemption from U.S. sanctions to continue operating in Venezuela, where it is one of the main suppliers of gas for the domestic market.
A Reuters survey reveals that the oil cartel’s crude output fell by 110,000 barrels per day (bpd) last month, driven by cuts in three key members, while Saudi Arabia slashes prices and OPEC+ prepares to increase production.
Legal teams from Venezuela’s Executive Vice Presidency and the Ministries of Foreign Affairs, Hydrocarbons, and Foreign Trade are considering filing a complaint against the United States at the World Trade Organization (WTO). The move comes in response to the imposition of a 25% tariff on goods from any country that exports to the U.S. while also purchasing Venezuelan oil—a measure ordered by President Donald Trump.
Venezuelans send protest messages to Secretary of State Marco Rubio over the continuation of Temporary Protected Status (TPS). Photo: Venezuelan…
Meeting with Great Patriotic Pole candidates led by President Nicolás Maduro. Photo: Great Patriotic Pole Guacamaya, March 31, 2025. The…
Spanish Prime Minister Pedro Sánchez addressed the issue of tariffs on Tuesday, urging the U.S. government to “reconsider, engage in…
The Venezuelan government will implement a reduction in the public sector workday to four and a half hours per day, along with a “1×1” work schedule (one day on, one day off), starting this Monday, citing a “climate emergency” affecting hydroelectric reservoirs. However, experts argue that the measure exposes the collapse of the country’s thermoelectric system, which has been neglected due to lack of maintenance.
The informal exchange rate closed this Tuesday, March 25, at Bs. 95.60 per dollar, marking a historic 40% gap compared to the official rate (Bs. 68.39) and nearing the 100-bolivar threshold.
