On Tuesday, the Chinese Foreign Ministry spokesperson Guo Jiakun criticized a new U.S. policy that imposes a 25% tariff on countries trading oil and gas with Venezuela. Signed by U.S. President Donald Trump, the measure is designed to penalize nations engaging in such trades.
Guo argued that the U.S. move represents an abuse of "illegal unilateral sanctions" and an overreach through its "long-arm jurisdiction," thereby interfering in the internal affairs of other nations. He warned that trade and tariff wars would only raise costs for American businesses and consumers.
Adding another perspective to the unfolding debate, Venezuelan President Nicolas Maduro reaffirmed his commitment to economic recovery. On state television, Maduro declared, "If yesterday the battle was with spears and on horseback, today the battle is to produce, supply, export, and develop," highlighting the country's focus on sustainable growth despite external pressures.
This incident underscores the increasingly complex interplay between trade policies and global geopolitics. As international markets grow more interconnected, decisions like these spark wide-ranging discussions among young global citizens, business and tech enthusiasts, thought leaders, and digital nomads about the true cost of trade wars and the importance of balanced economic dialogue.
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China opposes U.S. move to punish countries buying Venezuelan oil
cgtn.com
