Latam Insights Encore: Trump’s Secondary Tariff Strategy Against Venezuela: Killing a Fly With a Nuke

The introduction of a new economic warfare weapon in the figure of secondary tariffs against countries purchasing oil against Venezuela got me thinking about the real efficiency of these boycotts and the collateral damage that this kind of measure causes to the general population that has nothing to do with power moves.

Trump’s newfound strategy against Venezuelan migration involves blocking the purchase of oil, the first exportation product of the country, from other nations, which would have to pay up to 25% in tariffs to continue to do business with the U.S. otherwise.

This, qualified by some analysts as a “never seen before” strategy, and the ending of operative licenses for companies like Chevron, is already affecting the country’s monetary stability, prompting the Venezuelan bolivar to plunge on the possible consequences of this move.

Read more: Trump Debuts ‘Never Before Seen’ Secondary Tariff Strategy Against Venezuela

The measure, which I consider to be overkill for its purposes, is already making thousands poorer with its scope and size. Nonetheless, this seems to be an attempt to validate the feasibility of applying this kind of action, still novel, against other bigger foes like Russia and China.

If successful, this situation will surely make way for the more general application of this economic warfare tool against smaller countries, affecting the lives and economies of millions considered “collateral damage” in the process.

While nations like China and Russia might be able to withstand the might of these veiled sanctions, citizens of countries like Venezuela, like myself, will be undoubtedly touched negatively by this catastrophic approach.

With a recession in sight and an upcoming explosion of inflation, Venezuelans can only brace for the economic crisis that will ensue as the Trump administration looks to deal with its migration crisis with a “nuke against fly” approach.

Read more: Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。