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US Sees Record Investment as Domestic Products Face No Tariffs, Claims Donald Trump
Donald Trump claims tariffs have driven record investment into the US as domestic products face no tariffs; Treasury imposes fresh sanctions on Venezuela’s oil sector to pressure Maduro.
US President Donald Trump on Wednesday (local time) claimed that his tariff policy has led to record levels of investment flowing into the United States, asserting that companies are increasingly setting up factories and businesses across the country because domestically manufactured products are not subject to tariffs.
In a post on Truth Social, Trump said the US had set a “world record” for investment inflows. “The United States has set a World Record on investments being made into a country, and it is trillions of dollars more than number two, China. This is singularly because of tariffs, and the fact that if you make your product in the U.S., there are no tariffs,” he wrote. Trump added that factories and businesses are being built across the country “at a level never seen before”.
Meanwhile, the US Department of the Treasury announced new sanctions targeting Venezuela’s oil sector, as part of renewed efforts by the Trump administration to increase pressure on Venezuelan President Nicolás Maduro.
According to an official release, the Treasury imposed sanctions on four companies operating in Venezuela’s oil industry and designated four oil tankers as blocked property. The companies and vessels are accused of being involved in the transportation of Venezuelan oil.
“President Trump has been clear: We will not allow the illegitimate Maduro regime to profit from exporting oil while it floods the United States with deadly drugs,” Treasury Secretary Scott Bessent said in the statement.
The release added that the Treasury Department would continue to enforce President Trump’s pressure campaign against Maduro’s government. Trump has repeatedly accused Maduro of heading what he describes as a “narco-terrorist” regime seeking to destabilise the United States.
According to the Treasury, some of the sanctioned vessels are part of a shadow fleet allegedly used by Venezuela to evade sanctions and generate revenue. “Maduro’s regime increasingly depends on a shadow fleet of worldwide vessels to facilitate sanctionable activity, including sanctions evasion, and to generate revenue for its destabilising operations,” the statement said, warning that those involved in the Venezuelan oil trade continue to face significant sanctions risks.
