Action: On March 24, the President issued an executive order permitting the imposition of tariffs, effective on or after April 2, of up to 25% on all goods originating from countries that import oil from Venezuela. The Order delegates authority to the Secretary of State to determine whether to impose the tariffs. The tariffs are set to expire after one year; however, they may be lifted earlier at the discretion of the Secretary of Commerce.Key Insights
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