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China says Rex Tillerson is demonstrating USA 'disdain' and 'paranoia'

China says Rex Tillerson is demonstrating USA 'disdain' and 'paranoia'”

Current sanctions target separate individuals from the Nicolas Maduro government as well as a ban on US banks and other institutions buying Venezuelan debt.

But Rex Tillerson wanted to find ways to soften the negative impact that sanctions would have on American oil companies, Venezuelans and other countries in the region that rely on Venezuelan oil.

An oil ban against Venezuela has been rumored in the past but the sanctions have only involved Venezuelan government officials.

And, truth be told, the United States is partly responsible for the trade shift toward China and Russian Federation, and away from us businesses.

Venezuela sits on the world's largest oil reserves and has always been a major supplier to the U.S., though its crude-oil sales to the United States in 2017 were the lowest since 1991, according to Reuters, as it struggles under usa financial sanctions and ongoing turmoil in its oil industry.

"While this trade has brought benefits, the unfair trading practices used by many Chinese have also harmed those countries' manufacturing sectors, generating unemployment and lowering wages for workers", he said.

During a joint news conference with Mexican Foreign Secretary Luis Videgaray and Canadian Foreign Minister Chrystia Freeland in Mexico City, Tillerson called for Venezuela President Nicolas Maduro to allow free democratic electionsor step aside.

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Referring to Tillerson's Friday speech insinuating China is a "potential predatory actor", the paper said the current USA administration believes it is living during the Cold War, "even though the rest of the world has moved on and is living in 2018".

While insisting that Washington was not pushing for Maduro to be ousted, Tillerson touted the idea that the Venezuelan president should consider leaving the country voluntarily before things get heated.

Maduro shot back, in a video on Facebook, saying that Tillerson "has just threatened us with an oil boycott".

Analysts say USA oil sanctions could completely cripple the Venezuelan economy.

Tillerson visited the Argentine Patagonia during his recent five-nation tour of Latin America and planned to ride horseback into the Nahuel Huapi national park, according to the Los Angeles Times.

Cuba's Foreign Ministry said that it saw the secretary of state's remarks as an effort to "instigate openly an overthrow, by any means", of the Venezuelan government, likely alluding to Tillerson's remarks last week about the potential for the Venezuelan military to oust Maduro - a comment that came months after Trump said the U.S. could take military action.

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