“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, while U.S. corn growers and chemical companies could find billions of dollars in sales at risk,” the New York Times reports.
“Relations between the two countries quickly deteriorated after the South American country refused to receive U.
S. military planes carrying deported immigrants.”“In response, President Trump said on social media that he would immediately impose a 25 percent tariff on all Colombian imports and escalate the tariffs to 50 percent in a week. Colombia’s president, Gustavo Petro, threatened his own 50 percent tariff hours later.”
Axios: Trump’s Colombia tariffs threaten surge in coffee prices.