Financial Markets and Oil Open in the Red Following Trump’s Tariffs Announcement
The New York Stock Exchange, the world’s largest by market capitalization. Photo: Carol M. Highsmith. Guacamaya, April 7, 2025. The…
Economy
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Venezuela Challenges U.S. Secondary Tariffs at the World Trade Organization
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.
Trump Declares U.S. “Economic Independence” with Global Tariffs
President Donald Trump proclaimed a historic shift in U.S. trade policy on Wednesday by signing an executive order imposing “reciprocal” tariffs on countries with which the U.S. runs trade deficits, including key partners like Mexico, Canada, and the European Union.
Brazil Resumes Electricity Imports from Venezuela
On February 15, Brazil resumed importing electricity from Venezuela to supply the northern state of Roraima, according to Reuters.