Recent developments point to a thawing in relations between the US and Venezuela under interim President Delcy Rodríguez, with a possible rolling back of sanctions now being discussed by US officials. Elsewhere, the US's announcement on Wednesday of a 25% import tariff on certain higher-end chips shouldn't pose a major threat to Mexico’s AI-related export boom. Finally, the recently-announced large minimum wage increase has prompted us to forecast interest rate hikes in Colombia.
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