‘Secondary Tariffs’ Are Trump’s Latest Trade Weapon

“President Donald Trump appeared to invent a new weapon of economic statecraft on Monday by threatening what he dubbed ‘secondary tariffs’ on countries that buy oil from Venezuela to choke off its oil trade with other nations,” Bloomberg reports.

“The novel approach adds to a growing list of weapons that Trump has been eager to deploy as part of a push to use America’s economic clout as leverage in achieving its foreign and domestic policy goals. The idea seems certain to increase tensions with the Latin American nation over immigration and foreign policy.”