By declaring he’d put tariffs on goods from the South American country, the president imperiled a growing influx of foreign investment there.

A brief standoff with Colombia holds important lessons for how future trade conflicts might unfold in the new Trump administration.

Donald Trump claimed an early victory for a coercive foreign policy based on tariffs and hard power on Sunday after announcing Colombia had backed down in a dispute over migrant repatriation flights.

US President Donald Trump announced sweeping tariffs on Colombia before abruptly pulling the threat after reaching a deal on the return of deported migrants, a move that rattled global markets in the space of several hours.

American consumers narrowly escaped dramatic increases in the cost of their morning coffee and Valentine’s Day flowers after President Donald Trump on Sunday announced, then quickly rescinded, a 25% tariff on all imports from Colombia — with plans for a whopping 50% tariff to be imposed one week later.

China hopes and believes that the US and Colombia can handle their affairs properly, Chinese Foreign Ministry spokesperson Mao Ning said at a routine press conference on Monday. Mao was asked to comment on the news that US President Donald Trump on Sunday threatened to impose steep tariffs and visa restrictions on Colombia after the South American country rejected two US military flights carrying migrants deported from the US.

The two nations spent much of the day in a tense standoff after President Donald Trump said the South American nation had turned away two deportation flights.

A trade spat erupted after Colombia refused US deportation flights, prompting Trump to threaten steep tariffs and sanctions. The impasse was resolved, but tensions revealed cracks in US-Colombian relations.

BEIJING – China pledged to accept the return of undocumented Chinese citizens in the US, after US President Donald Trump threatened to hit Colombia with tariffs of up to 50 per cent for refusing to take back deported migrants.

European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.

Hours after the president of Colombia refused to allow two U.S. military flights carrying deported Colombian migrants to land in his country, President Donald Trump announced Sunday immediate reprisals against the South American nation: A 25% tariff on all Colombian products — to rise to 50% in a week — and the shutting down of the visa section in the U.

Less than a week into his presidency, Donald Trump has briefly engaged in his first international tariff dispute. And the target wasn't China, Mexico or Canada - frequent subjects of his ire - it was Colombia, one of America's closest allies in South America.