Will Trump's sanctions on Venezuela backfire?
US could be biggest loser under plans to punish rogue South American nation

The Trump administration imposed sanctions on eight more individuals loyal to Venezuelan President Nicolas Maduro this week in a strategy shift that aims to punish regime supporters rather than the nation.
Last month the US promised "strong and swift economic actions" against Venezuela but so far the country hasn't felt them.
"No such action has materialised, leading some of Maduro's opponents to wonder whether the US president has lost his nerve," The Associated Press reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
The latest sanctions target eight Venezuelan politicians and security figures involved in creating the Constituent Assembly, the "all-powerful legislative body" loyal to Maduro that will rewrite the constitution, reports New York Magazine.
The individuals, who include Adan Coromoto Chavez Frias, brother of former Venezuelan President Hugo Chavez, will have any US assets frozen. They will also be banned from travelling to America. Since protests began in April, Trump's administration has targeted 30 Venezuelan individuals in all.
Far from cowering, however, Venezuelans celebrate the newly sanctioned.
"Most Venezuelan officials wear US sanctions as a badge of honour," The Associated Press (AP) reports, adding that promotions are often handed to individuals who've been sanctioned.
"It's doubtful these sanctions will be enough to pressure Maduro and his allies to back off their power grab," New York magazine reports.
The problem is that Washington needs Venezuela's oil. A ban on petroleum imports from Venezuela – the US's third-largest supplier – would hurt "hurt US jobs and drive up gas costs", AP says. Many American refineries are designed for handling the type of heavy crude oil Venezuela exports. Replacing those supplies would be costly.
"We want to make sure that we don't have the unintended consequence of doing more harm to US refineries than the Maduro regime," Chet Thompson, CEO of a group representing 95 per cent of America's refining sector, told AP.
Some Senate Republicans could soon join the lobby. Senator Bill Cassidy, a Republican who sits on the Senate Committee on Energy and Natural Resources, is planning to raise similar concerns about the impact on the US fuel market.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Today's political cartoons - April 20, 2025
Cartoons Sunday's cartoons - Pam Bondi, retirement planning, and more
By The Week US
-
5 heavy-handed cartoons about ICE and deportation
Cartoons Artists take on international students, the Supreme Court, and more
By The Week US
-
Exploring the three great gardens of Japan
The Week Recommends Beautiful gardens are 'the stuff of Japanese landscape legends'
By The Week UK
-
El Salvador's CECOT prison becomes Washington's go-to destination
IN THE SPOTLIGHT Republicans and Democrats alike are clamoring for access to the Trump administration's extrajudicial deportation camp — for very different reasons
By Rafi Schwartz, The Week US
-
Supreme Court takes up Trump birthright appeal
Speed Read The New Jersey Attorney General said a constitutional right like birthright citizenship 'cannot be turned on or off at the whims of a single man'
By Rafi Schwartz, The Week US
-
Court slams Trump, senator visits Ábrego García
Speed Read The case 'should be shocking not only to judges' but all Americans with an 'intuitive sense of liberty'
By Peter Weber, The Week US
-
The anger fueling the Bernie Sanders and Alexandria Ocasio-Cortez barnstorming tour
Talking Points The duo is drawing big anti-Trump crowds in red states
By Joel Mathis, The Week US
-
Judge threatens Trump team with criminal contempt
Speed Read James Boasberg attempts to hold the White House accountable for disregarding court orders over El Salvador deportation flights
By Rafi Schwartz, The Week US
-
Why the GOP is nervous about Ken Paxton's Senate run
Today's Big Question A MAGA-establishment battle with John Cornyn will be costly
By Joel Mathis, The Week US
-
UK-US trade deal: can Keir Starmer trust Donald Trump?
Today's Big Question White House insiders say an agreement is 'two weeks' away but can Britain believe it?
By Sorcha Bradley, The Week UK
-
A running list of Trump's second-term national security controversies
In Depth Several scandals surrounding national security have rocked the Trump administration
By Justin Klawans, The Week US