US Set to Extend Chevron Venezuela Waiver by Another 60 Days
The Trump administration is set to extend Chevron Corp. 's deadline to halt its operations in Venezuela by another 60 days as the US continues negotiations with President Nicolas Maduro's government over repatriation flights and the fate of US detainees in the country, a person familiar with the matter said.
The US planned to announce the extension later Tuesday, the same day that President Donald Trump's envoy Richard Grenell traveled to Antigua to meet with members of Maduro's government, according to the person, who asked not to be identified discussing private deliberations.
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President Donald Trump's steepest tariffs fell into legal limbo this week, casting uncertainty over a major swath of the president's signature economic policy. The Trump administration could ultimately prevail in a court battle over the levies or seek other legal authorities to reimpose some of the tariffs, experts told ABC News, but a complete revival of the policy now faces formidable obstacles. Two separate federal courts invalidated far-reaching levies on dozens of countries unveiled in a Rose Garden ceremony that Trump had dubbed "Liberation Day." The rulings also struck down 30% tariffs imposed on China as well as a baseline 10% levy slapped on nearly all imports, among other measures. MORE: Trump claims China 'totally violated' trade agreement with US A federal appeals court moved to temporarily reinstate the tariffs on Thursday afternoon, however, keeping the levies in place while judges weigh the underlying legal justification. 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The three-judge panel at the U.S. Court of International trade included one judge appointed by Ronald Reagan, one judge appointed by Barack Obama and one judge appointed by Trump himself. Trump added: "In this case, it is only because of my successful use of Tariffs that many Trillions of Dollars have already begun pouring into the U.S.A. from other Countries, money that, without these Tariffs, we would not be able to get. It is the difference between having a rich, prosperous, and successful United States of America, and quite the opposite." As of Wednesday, U.S. tariffs had generated about $68 billion in revenue so far this year, though only a portion of those funds owes to levies at risk of being struck down, according to a Politico analysis. 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