President Trump threatened Monday to impose 25% tariffs on any country that imports oil or gas from Venezuela. Trump claimed the move was in retaliation for Venezuela “purposefully and deceitfully” sending “criminals” and gang members to the U.S. Also on Monday, the Treasury Department extended Chevron’s oil production license in Venezuela until late May.

This comes as Trump appeared to retreat from his widely touted threats to impose sweeping tariffs across multiple industries starting April 2. He told reporters, “I may give a lot of countries breaks.”