US President Trump has delayed tariffs and sanctions on Colombia after the nation agreed to just accept all unlawful Colombian migrants returned from the US, together with these on army planes.
The deal will stay in impact except Colombia fails to honour it. President Petro and Overseas Minister Murillo confirmed that Colombia will proceed receiving deported nationals.
Trump had earlier threatened a 25% tariff on Colombian items, set to rise to 50%, together with journey restrictions and different sanctions, after Colombia blocked army planes carrying deported migrants.
US Secretary of State Marco Rubio ordered visa suspensions and journey restrictions for these blocking the deportations, which is able to stay till deportees are efficiently returned.
Trump’s tariff risk created uncertainty in international markets, affecting emerging-market currencies just like the Mexican peso and South African rand, regardless of the reversal of the choice.
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