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27.01.2025: Trump expanding his scope of punitive tariffs. Outlook for USD, EUR, Brent, RUB

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After Donald Trump’s demonstrative punishment of Colombia, concerns about a broader global trade conflict have resurfaced.
Initially, Bogotá refused to accept planes from the US, deporting illegal migrants. However, under the threat of 25% or even 50% tariffs, the Colombian government agreed to all the terms set by the American side. As a result, market sentiment remains risk-averse.

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