Colombia Tariff Threat Highlights Oil Price Sensitivity ...Middle East

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Colombia Tariff Threat Highlights Oil Price Sensitivity
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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. The Colombian government, however, almost immediately agreed to accept illegal migrants being returned to the country, proving the threat’s effectiveness. Trump issued the threat on Sunday after the Colombian government refused to accept a military plane returning illegal Colombian migrants, objecting, apparently, to the use of this sort of aircraft for the…

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