The Dust Has Not Settled on Trump’s Canadian Oil Threat

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. Washington swiftly reversed plans to impose tariffs and sanctions on Colombia after the South American country agreed to accept deported migrants from the United States.  While the issue has been settled for now, it has left the market jittery about Trump’s ongoing muscle-flexing. To wit, Trump has repeatedly threatened to impose 25% tariffs on all…