Trump Says Venezuela Will Use Oil Money To Buy American Only Made Products

President Donald J. Trump announced Wednesday that Venezuela will commit revenue from a newly arranged oil deal exclusively toward purchasing American products.

Trump said Tuesday that Venezuela’s interim authorities will transfer between 30 million and 50 million barrels of oil to the United States as part of a major energy agreement. In a social media post, Trump wrote that Caracas has agreed to spend its oil-sale proceeds on “ONLY American Made Products,” including U.S. agricultural goods, medicines, medical devices and equipment to modernize Venezuela’s electricity grid and energy facilities.

“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 said. “These purchases will include, among other things, American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela’s Electric Grid and Energy Facilities.”

Trump said the move cements the United States as Caracas’s principal economic partner and benefits citizens of both nations.

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

After U.S. forces captured