Trump: Venezuela must spend oil deal proceeds on US-made goods

DID Press: US President Donald Trump said that, based on information he received, Venezuela will be required to use revenues from a new oil arrangement with the United States exclusively to purchase American-made products.

According to Trump’s remarks, the list of purchases would include agricultural products, pharmaceuticals, medical equipment, as well as US-manufactured equipment intended to improve Venezuela’s power grid and energy infrastructure.

It is worth noting that no formal agreement has been signed between the United States and Venezuela. However, reports say Caracas has been compelled to allocate 50% of its oil output to the United States.