The US and Colombia pulled back from the brink of a trade war after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.
The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President Donald Trump’s overnight threat to impose steep tariffs on Colombia.
Investing.com -- As President Trump’s February 1 tariff deadline approaches, Wolfe Research warns that "any given day we could wake up to another situation like Colombia," referencing last weekend’s swift tariff threats that led to a policy reversal from Bogotá.
After US President Donald Trump threatened Colombia with a 25% tariff if the country didn't agree to accept deported migrants, the White House reported that South American nation agreed to Trump's terms.
President Donald Trump has already forced Colombia to accept deportees by threatening tariffs and is readying the same move against Canada and Mexico as soon as Saturday
In his first week back in the Oval Office, Trump has quickly torn up his predecessor’s alliance-driven foreign policy in favor of an even more rambunctious 2.0 version of “America First.” His provocations have raised tensions with key allies on multiple continents — and set up showdowns with other leaders that,
Shortly after last November’s election, Trump threatened China, Mexico, and Canada with 10% and 25% tariffs, respectively.
WASHINGTON/BOGOTA: The United States and Colombia have reached a deal on deportation of illegal aliens leading to the former putting its sanctions, tariffs' on hold against the South
STORY: The U.S. and Colombia pulled back from the brink of a trade war on Sunday. U.S. President Donald Trump had threatened tariffs and sanctions on Colombia for refusing to accept military flights carrying deportees as part of his sweeping immigration crackdown.
Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.
Trump indicated the 25% rate could represent a floor, saying that the tariff levels 'may or may not rise with time.”