Trump plans ‘secondary tariffs’ on buyers of Venezuelan oil. It’s a new, untested tactic. - MarketWatch

1. Trump introduced a 25% secondary tariff on Venezuelan oil imports. 2. Chevron received an extension to wind down operations in Venezuela until May 27. 3. This tariff may increase global oil prices and impact the U.S. economy. 4. China is the largest importer of Venezuelan oil, affecting global supply chains. 5. Tariffs may hurt U.S. consumers through increased prices for goods.