Investing.com– U.S. President Donald Trump’s proposed trade tariffs against Colombia are now on hold after Bogota agreed to accept migrants deported from the U.S., the Associated Press reported on Sunday.
Trump had threatened to impose 25% tariffs on all Colombian imports after the country refused two U.S. military planes carrying migrants from landing in the country.
The Colombian government agreed to Trump’s terms of accepting illegal immigrants, and Trump’s proposed tariffs were now on hold, the AP reported, citing a statement from White House Press Secretary Karoline Leavitt.
The U.S. President had threatened to impose a 25% duty on all Colombian imports, which was set to increase to 50% within a week. Colombia’s biggest exports to the U.S. are oil, coffee, gold, and flowers.