China slams US 'interference' in Venezuela over Trump oil tariff threat

China has accused the United States of interfering in Venezuela's domestic affairs after President Donald Trump announced 25 percent tariffs on imports from countries buying Venezuelan oil. The new tariffs, effective from April 2, target nations i...

Two Sharp with ET: Trump’s 25% tariff on Venezuelan oil | India hits Samsung with $601M tax demand
Beijing: China on Tuesday accused the United States of "interfering in Venezuela's internal affairs" after President Donald Trump announced 25 percent tariffs on imports from countries that bought oil and gas from the South American nation.

On Monday, Trump said the new levy, effective from April 2, would apply to all goods entering the United States from countries that buy Venezuelan oil.

China is the largest importer of Venezuelan oil, while other buyers include India, Spain, and the United States itself.


"We call on the US to stop interfering in Venezuela's internal affairs (and) abolish the illegal unilateral sanctions imposed on Venezuela," Chinese foreign ministry spokesman Guo Jiakun told a regular news conference.

He urged the United States to "do more things that are conducive to the peace, stability and development of Venezuela and other countries".

Venezuela has been under US sanctions for years, including a new round in January that increased the rewards offered for information that led to the arrest of President Nicolas Maduro and other government officials.
ADVERTISEMENT

Announcing the planned tariffs on Monday, Trump accused Venezuela of "purposefully and deceitfully" sending "undercover, tens of thousands of high level, and other, criminals" to the United States.

Trump has already hit China with a universal 20 percent tariff on its imports which he linked to efforts to halt the flow of fentanyl into the United States.

Beijing has called for "dialogue" but also responded with levies of up to 15 percent on a range of US agricultural goods including soybeans, pork and chicken.

China, the world's top steel producer, has also vowed to take "all necessary measures" in response to separate US tariffs on steel and aluminium.
ADVERTISEMENT

Guo on Tuesday said a trade war would have "no winners" and "imposing additional levies and tariffs will only lead to American businesses and consumers bearing greater losses".

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Global Trends › China slams US 'interference' in Venezuela over Trump oil tariff threat
Text Size:AAA
Success
This article has been saved

*

+