US and Venezuela AGREE TO RESUME diplomatic ties

In early January, Venezuelan leader Nicolas Maduro, arrested by the United States, was President Xi Jinping's most important friend in the Western Hemisphere.

“This affects China's economy at a time when it's already fragile," said Gordon Chang, Senior Fellow at the Gatestone Institute. "You have a Chinese economy that is addicted to discounted oil because China has been buying sanctioned crude, for instance, from Iran and Venezuela, and now they're going to have to pay market prices if they can find it at all."

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