A potential trade war has emerged between the U.S. and Colombia, sparked by Colombia's refusal to accept deported immigrants via U.S. military planes. President Trump responded by proposing a 25 percent tariff on Colombian imports, rising to 50 percent later. In retaliation, Colombian President Gustavo Petro announced a similar tariff. While Colombian products constitute a small part of U.S. imports, the impact could lead to higher prices for popular items like coffee and flowers, especially ahead of Valentine's Day, at a time when U.S. economies in agriculture and raw materials are at risk.
The possibility of a trade war erupted on Sunday between the United States and Colombia that could make coffee, flowers and raw materials more expensive for Americans.
Colombia's president, Gustavo Petro, threatened his own 50 percent tariff hours later, highlighting the escalating tensions between the two nations.
Collection
[
|
...
]