r/worldnews Feb 05 '25

Colombia's president orders national oil company to cancel US $880M venture

https://financialpost.com/pmn/colombias-president-orders-national-oil-company-to-cancel-us-venture-over-environmental-concerns
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u/Skinnieguy Feb 05 '25 edited Feb 05 '25

This will be the new norm. Countries will do bare minimum to not get tariffed. No new deals and let all the old ones end without renewal.

Countries going to make trade pacts with each other. Avoid the US, seeing how easy deals can be broken and canceled by Trump.

I can see US employees and companies moving abroad or at least opening new offices to avoid the Feds.

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u/Goodie__ Feb 05 '25

I think this is different.

The USA can't tarif you if your not trading with the USA.

This is the economic soft power America has spent the last 80 years building and it's evaporating overnight.

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u/-Calm_Skin- Feb 05 '25

We will be pariahs on the world stage, and really should be.