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Venezuela to Buy Only US-Made Goods Under New Trump Oil Deal

President Donald Trump announced that Venezuela has agreed to purchase only American-made products using proceeds from a new U.S.-brokered oil agreement. The purchases will include agricultural goods, medicines, medical devices, and technology to improve Venezuela's electricity grid. Trump described this as a major strategic shift, making the U.S. Venezuela's principal economic partner after years of reliance on rivals like China and Russia. The arrangement ties Venezuela's access to global oil markets directly to creating demand for American exports.

Key Points: Venezuela Agrees to Buy Only US Goods in Trump Oil Deal

  • Strategic realignment from China/Russia to US
  • Revenue from oil deal funds US goods
  • Purchases include farm products and medical equipment
  • Aims to fix Venezuela's failing electric grid
2 min read

Venezuela to buy only US-made goods under oil deal: Trump

President Trump announces Venezuela will use oil revenue to purchase exclusively American-made products, including agriculture and medical supplies.

"Venezuela is committing to doing business with the United States of America as their principal partner. - Donald Trump"

Washington, Jan 8

President Donald Trump has said that Venezuela has agreed to purchase only American-made products using proceeds from a new US-brokered oil deal, describing the arrangement as a major shift in the Caracas economic orientation and a boost for American manufacturers, farmers, and exporters.

In a post on Truth Social, Trump said he had been informed that Venezuela would use the revenue it receives from the oil agreement to buy US goods across a wide range of sectors.

"I have just been informed that Venezuela is going to be purchasing only American Made Products, with the money they receive from our new Oil Deal," Trump wrote.

He said the purchases will include "American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment," as well as technology and hardware to improve Venezuela's electricity grid and energy facilities.

Trump described it as a strategic realignment, saying Venezuela is committing to doing business with the United States as its principal partner after years of economic ties with US rivals.

"In other words, Venezuela is committing to doing business with the United States of America as their principal partner," Trump said. "A wise choice, and a very good thing for the people of Venezuela, and the United States."

The announcement follows the Trump administration's decision to take control of Venezuelan oil sales under a new framework that places exports and revenues under US oversight.

Administration officials have said the oil will be sold at market prices, with proceeds directed through US-controlled mechanisms.

Trump presented the purchasing commitment as a direct benefit to the US economy, particularly American farmers, manufacturers and medical suppliers.

Venezuela's electric grid has suffered repeated failures in recent years, while shortages of medicines and medical equipment have been widely documented. Trump said US-made equipment would be used to "improve Venezuela's Electric Grid and Energy Facilities."

Under Mudoro's regime, Venezuela relied heavily on imports from China, Russia and Iran, often using discounted oil shipments as payment. The new arrangement reverses that trend.

By tying oil revenue to US purchases, the Trump Administration has linked Venezuela's access to global energy markets with demand for American goods.

- IANS

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Reader Comments

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Priya S
The part about medicines and medical equipment is crucial. If this deal actually gets essential supplies to Venezuelan people suffering from shortages, that's a humanitarian positive. But the "US-controlled mechanisms" for revenue sound very heavy-handed. Hope it doesn't become another form of colonial control.
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Aman W
Big shift away from China and Russia! 🇮🇳 From an Indian perspective, we see how global powers use trade to build spheres of influence. The US is clearly trying to pull Venezuela back into its orbit. Makes you think about our own strategic partnerships and diversifying suppliers.
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Sarah B
While boosting American manufacturing is good, this feels less like a "wise choice" by Venezuela and more like a forced one under the new US oversight of their oil money. The wording "principal partner" suggests they have little other option. The devil will be in the pricing details of both the oil and the US goods.
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Karthik V
Fixing the electricity grid is a massive need there. If US tech can help provide stable power, that's a foundational improvement for any economy. But let's see if the deal is sustainable or if it collapses with the next political change. These exclusive deals often don't last.
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Nikhil C
Respectfully, this announcement reads like a PR victory lap before anything is delivered. "I have just been informed" on Truth Social isn't exactly a formal state agreement. We need to see the actual implementation and the fine print. Hope it works for the common people of Venezuela most of all.

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