Washington(The COW News Digital)Former US President Donald Trump has announced that Venezuela will use revenue generated from its oil exports exclusively to purchase American products, a move he described as beneficial for both nations. The statement was shared through Trump’s social media platform, where he outlined the scope and implications of the arrangement.
According to Trump, the American goods to be purchased using Venezuela’s oil income will include agricultural products, medicines, medical equipment, power generation facilities, and tools aimed at improving energy infrastructure. He claimed that the decision would help address Venezuela’s pressing domestic needs while simultaneously boosting US exports.
Trump described Venezuela’s choice of the United States as its primary trade partner as a “wise and intelligent decision,” arguing that it would strengthen economic ties between the two countries. He said the arrangement would serve the interests of both the Venezuelan and American people by ensuring access to essential goods while supporting US industries.
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The announcement comes at a time when Venezuela’s oil sector remains central to its struggling economy. Oil exports account for the majority of the country’s foreign revenue, and restrictions on how that income can be used could significantly influence Venezuela’s trade patterns and economic recovery efforts.
Adding to the message, US Vice President JD Vance stated that Venezuela would only be permitted to sell its oil if such sales align with American national interests. He warned that if Venezuela fails to meet US strategic or economic expectations, it would not be allowed to export oil under the proposed framework.
Vance’s remarks suggest a policy approach in which access to international oil markets is closely tied to political and economic conditions set by Washington. Analysts say such a stance could further increase US leverage over Venezuela’s economy, particularly at a time when Caracas is seeking stability and relief from long-standing economic challenges.
The announcement has sparked debate among political observers, with supporters arguing that the policy could promote accountability and economic reform in Venezuela. Critics, however, caution that limiting how a sovereign nation uses its export earnings may deepen economic pressures on ordinary citizens and raise concerns about long-term sustainability.
While no official agreement details have been released, Trump’s statement indicates a strong preference for reshaping trade relations in a way that prioritizes US economic interests. The proposed arrangement, if implemented, would mark a significant shift in how Venezuela manages its oil revenue and international trade partnerships.
