12:23 - 8.04.2025

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April 8, Fineko/abc.az. Venezuelan President Nicolas Maduro announced that he would impose an economic emergency in the country on Tuesday in connection with the U.S.-declared trade war.

"Tomorrow, I will sign a constitutional decree on an economic emergency to protect the Venezuelan economy," he said.

ABC.AZ reports that he stated this on Monday in the program "With Maduro plus" of TV channel Venezolana de Televisión.

The Venezuelan leader believes that "the U.S. government is violating global economic rules, destroying international trade and economic law and the World Trade Organization". He noted that "the whole world and, above all, the American people suffered from the collapse of financial markets".

Maduro pointed out that Venezuela is "closely monitoring the negative consequences of the trade war in order to protect the country from all possible negative consequences" and "provide a response to the global economic war".

On April 2, U.S. President Donald Trump announced the introduction of customs duties on products from 185 countries and territories. Universal tariffs of 10% will come into force on April 5, individual tariffs - on April 9.