President Donald Trump said on Tuesday that Venezuela will use proceeds from a newly arranged oil agreement with the United States to purchase exclusively American-made products.
The development is part of a broader deal involving the transfer of up to 50 million barrels of Venezuelan oil to the U.S. for refining and sale.
In a post on Truth Social, Trump wrote: “I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal.
These purchases will include, among other things, American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela’s Electric Grid and Energy Facilities. In other words, Venezuela is committing to doing business with the United States of America as their principal partner – A wise choice, and a very good thing for the people of Venezuela, and the United States. Thank you for your attention to this matter!”
The announcement builds on recent reports of U.S. involvement in Venezuelan oil assets, including the seizure of sanctioned tankers and plans for American companies to invest in restoring Venezuela’s crude.
