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EO 14245Executive OrderTrump 47 · R

Executive Order 14245

Imposing Tariffs on Countries Importing Venezuelan Oil

This executive order imposes a potential 25% tariff on all goods from countries that import Venezuelan oil, directly or indirectly, effective April 2, 2025. The Secretary of State has discretionary authority to determine which countries face the tariff, with the Secretary of Commerce responsible for determining whether countries have imported Venezuelan oil and issuing implementation regulations.

Federal Register Open PDF 90 FR 13829

Impact dates

  1. Subsequent periodic reports

  2. First periodic report due to President

  3. Order effective and tariff imposition may begin

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasSteel & aluminumAutosChemicalsShipping & logisticsOther industrial

Mechanisms

Tariff

Role pressure

  • AdverseImporter — 25% supplemental tariff on all goods from affected countries, directly increasing import costs
  • AdverseTrading-partner exporter — Countries importing Venezuelan oil face potential loss of US market access or reduced competitiveness
  • ProtectiveDomestic producer — US manufacturers competing with imports from affected countries gain relative price advantage
  • MixedDownstream manufacturer — Input cost increases from tariffs versus competitive benefit if rivals also affected; heavy reliance on Chinese inputs creates particular exposure
  • UncertainProject developer — Oil supply chain restructuring may create opportunities or disruptions depending on geography and sourcing flexibility

Geographies

USCNINEUJPKRTWMXCAUKVNMY

Exposure dates

  • — Order effective and tariff imposition may begin

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MALBAlbemarleAAAlcoaAAPLAppleBASFYBASFCATCaterpillarCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsCTVACortevaDACDanaosDOWDowDDDuPontXOMExxon MobilFDXFedExFFordFCXFreeport-McMoRanGEVGE VernovaGMGeneral MotorsHONHoneywellHYMTFHyundai MotorLYBLyondellBasell

Confidence: medium · Policy alerts

Key directives

  • 25% tariff may be imposed on goods from countries importing Venezuelan oil, directly or indirectly, on or after April 2, 2025
  • Secretary of State has discretionary authority to impose tariffs on specific countries
  • Secretary of Commerce authorized to determine indirect import status and issue regulations
  • Tariffs apply to Hong Kong and Macau if imposed on China
  • Tariffs expire one year after last Venezuelan oil import
  • Periodic reports every 180 days assessing effectiveness

Who is ordered

Timeline

Immediate

  • Order effective 12:01 a.m. EDT April 2, 2025
  • Potential tariff imposition begins on or after April 2, 2025

Near term (90d)

  • Secretary of State discretion to impose tariffs on specific countries
  • Secretary of Commerce to begin determinations on indirect Venezuelan oil imports
  • First periodic report due within 180 days of signing (by September 20, 2025)

Long term

  • Tariffs expire one year after last Venezuelan oil import by affected country
  • Ongoing 180-day periodic reporting cycle
  • Potential restructuring of global oil trade flows to avoid US tariff exposure

Risks & tensions

  • Discretionary implementation creates uncertainty—no automatic tariff trigger, countries cannot fully predict exposure
  • Broad definition of 'indirect' imports and transshipment risk may expand scope unpredictably
  • Potential WTO/GATT challenges given IEEPA-based trade restrictions on third countries not directly involved in Venezuela policy
  • Retaliatory measures from targeted countries, especially China if designated
  • Oil market restructuring as buyers seek non-Venezuelan supply, potentially raising global oil prices
  • Vague 'on or after April 2' language leaves exact timing of Secretary determinations uncertain
Executive Order 14245: Imposing Tariffs on Countries Importing Venezuelan Oil · Executive Orders