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President Trump on Sunday threatened to impose 25% tariffs on all imports from Colombia in a move that would have made crude oil from that country more expensive, driving fuel prices up.
Oil prices retreated on Monday after the Trump administration pulled back from sanctions threats against Colombia over illegal immigration, alleviating concern about oil supply disruptions. Data ...
Photo Credit: MicroStockHub Crude oil futures traded lower on Monday morning after the US threatened to impose tariffs and sanctions on Colombia after it refused to accept military deportation ...
Some Colombian products are much more exposed than others. Crude oil is by far the United States’ most valuable Colombian import, accounting for $5.4 billion of the $16 billion worth of products ...
LONDON: Oil prices edged lower on Monday after the U.S. pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions, though U.S. President ...
If Trump had carried out the threat of tariffs, the prices of many goods imported from Colombia could have increased for ordinary Americans, including coffee, cut flowers and crude oil.
According to data compiled by the Observatory of Economic Complexity, or OEC, petroleum is the largest export of Colombia to the U.S., at roughly $6 billion in 2022. Oil is a two-way trade between ...