Maduro Declares Economic Emergency Against US Tariff War
Venezuelan President Nicolás Maduro signed an economic emergency decree on Tuesday, April 8, during a televised meeting with telecommunications and economic leaders. He framed the move as a response to what he called a US-led “tariff war” destabilizing global trade systems, alongside the revival of the “maximum pressure” strategy aimed at suffocating Venezuela’s economy.
The decree, pending approval by the National Assembly, seeks to bolster Venezuela’s economy amid escalating international tensions and US aggression.
President Maduro accused the US of dealing a “definitive and total blow” to international trade institutions, including the World Trade Organization (WTO), in an effort to impose “single hegemonic dominance” over global economic rules.