President Donald Trump announced Wednesday that Venezuela’s interim government has agreed to purchase exclusively American-made products using proceeds generated under its new oil deal with the United States.
In a post on Truth Social, Trump wrote:
“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.”
The president said the purchases will include American agricultural products, medicines, medical devices, and equipment to repair Venezuela’s deteriorating power infrastructure.
“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,” he added.
Trump said the agreement makes the United States Venezuela’s primary economic partner.
“A wise choice, and a very good thing for the people of Venezuela, and the United States,” the president wrote.
The agreement follows the U.S. military capture of former Venezuelan leader Nicolás Maduro on January 3, 2026, and the installation of interim president Delcy Rodríguez, who accepted terms dictated by the Trump administration.
On Tuesday, Trump announced that Venezuela would transfer between 30 and 50 million barrels of sanctioned oil to the United States at fair market prices, estimated between $56 and $60 per barrel, in a deal potentially worth more than $3 billion.
The United States will refine the heavy crude and sell it on global markets.
In exchange, Venezuela must sever ties with China, Russia, Iran, and Cuba, prioritize U.S. companies for future oil sales, and use oil revenue exclusively to purchase American goods, including food, medicine, and infrastructure equipment.
Trump also said the United States plans to control Venezuela’s oil sales “indefinitely.” To enforce the arrangement, the administration deployed U.S. naval assets to the Panama Canal to crack down on oil smuggling. U.S. forces seized a sanctioned oil tanker bound for Russia on Wednesday morning.
Analysts at the U.S. Department of Energy stated that the deal could provide the United States with a short-term oil supply equivalent to roughly two to two and a half days of national consumption, potentially easing global oil prices by increasing supply and diverting shipments away from China.
Longer term, Trump said the agreement will direct billions of dollars into American agriculture, manufacturing, and energy industries.
“All of their revenue from oil, which is the dominant way they fund the government, is controlled by the United States,” Energy Secretary Chris Wright said in an interview with CNN.
“We’re going to sell that crude, we’re going to put it in accounts, and we’re going to distribute that funds to the interim authorities in Venezuela and align that with incentives to improve their behavior, end the criminality, reduce the risk to America and the risk to their own citizens,” Wright said.
Wright added that the interim government will be phased out once Venezuela holds elections, but said stabilizing the country will take time.
“We want to keep the country from collapsing, and we want to immediately stop its enormous damage to the United States, exporting gangs, drugs, money, bringing our adversaries into the Western Hemisphere,” he said.
American firms such as ExxonMobil and ConocoPhillips once played a major role in developing Venezuela’s oil sector.
In 1976, under President Carlos Andrés Pérez, Venezuela nationalized the industry and compensated U.S. companies with roughly $1 billion.
That arrangement changed in 2007 when President Hugo Chávez seized major oil projects without adequate compensation, triggering international arbitration.
ExxonMobil won $1.6 billion in 2014, while ConocoPhillips pursued additional claims.
Trump has argued that Venezuela’s oil wealth was “stolen” from the United States and has vowed to reclaim control of the sector in a way he says benefits both American and Venezuelan citizens.
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