Trump says Venezuela will purchase ‘only’ American products with oil deal revenue as US seizes two tankers: Live updates
Trump says Venezuela will only purchase ‘American made’ products with oil money
- Donald Trump announced via Truth Social that Venezuela will only purchase "American made" products using funds from its new oil deal with the U.S.
- These purchases are expected to include American agricultural products, medicines, medical devices, and equipment for Venezuela's electric grid and energy facilities.
- Trump characterized this as Venezuela committing to the United States as its primary business partner, calling it a “wise choice.”
- Previously, Trump claimed American companies would assist in rebuilding Venezuela's oil industry infrastructure, though no firm plans have been disclosed.
- White House press secretary Karoline Leavitt confirmed that all proceeds from the oil sale would be held in U.S. bank accounts to ensure legitimacy before being released to Venezuela.