Trump Signals Flexibility on Tariffs, Announces Venezuela Oil Penalty

President Trump confirms a narrower scope for reciprocal tariffs targeting the 'dirty 15' countries and introduces a 25% tariff on nations buying oil or gas from Venezuela.

President Trump stated that the reciprocal tariffs set for April 2 may exclude certain sectors, signaling potential exemptions for some countries.
A new 25% tariff was announced on countries purchasing oil or gas from Venezuela, adding a fresh layer to U.S. trade policy.
The stock market rallied significantly, with major indices rising on reports that the tariffs will be more targeted than initially feared.
The Federal Reserve has adjusted its economic outlook, forecasting slower growth and higher inflation due to ongoing tariff uncertainty.
Treasury Secretary Scott Bessent clarified that the 'dirty 15' countries, representing 15% of U.S. trading partners with significant trade imbalances, will be the primary focus of the tariffs.