Published: 2025-01-27T00:43:19.000Z
USD/JPY flows: First Blood
FX Analyst
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Trump has announced tariffs and sanctions against Colombia, 25% now, 50% in a week
Colombian president orders increase of import tariffs on US goods as retaliation
The tariff man strikes and have drawn first blood on Columbia. Over the weekend, Trump has announced tariffs and sanctions against Colombia. Tariffs on Columbian starts at 25%, to be increased to 50% in a week, citing Columbia's refusal to accept military deportation flight. Colombian president orders increase of import tariffs on US goods as retaliation.
Risk slumps and see USD/JPY gap lower at 155.67 from 155.94 Friday close and is trading 0.27% lower at 155.53.