Trade Tensions Escalate: Colombia vs. U.S.

President Gustavo Petro of Colombia threatened 50% tariffs on U.S. imports in response to similar measures by President Donald Trump. This follows Trump's announcements on sanctions against Colombia after Petro blocked a deportation flight of migrants from landing in the Andean nation.

In a dramatic escalation of trade tensions, Colombian President Gustavo Petro has declared plans to impose a 50% tariff on imports from the United States. This aggressive move comes as a direct retaliation to U.S. President Donald Trump's recent tariff impositions on Colombian goods.

The fallout arises after President Trump ordered sanctions against Colombia, reacting to Petro's decision to rebuff a deportation flight carrying migrants destined for the Andean country. The refusal has triggered a diplomatic standoff that threatens to unravel economic ties between the two nations.

Observers fear that these escalating tensions could affect bilateral trade relations, with potential adverse impacts on both economies. Stakeholders from various sectors are keenly monitoring further developments in this unfolding trade dispute.

(With inputs from agencies.)