Trump Aims ‘Emergency’ Tariffs at Colombia | Global News Avenue

President Trump announced on Sunday that the “emergency” tariffs on Columbia’s imports were an early signal of how he developed a trade policy in the early stages of the second term.

Trump said on his truth social platform that he will impose a 25 % tariff on “all goods entering the United States”, saying that it will increase to 50 % within a week. Trump said the trigger was Colombia’s refusal to repatriate Colombia. Columbia President Gustavo Petro acknowledged that he refused to obtain flights on social media.

In addition to tariffs, Trump also announced a series of measures for Columbia officials, including travel ban. He wrote: “These measures are just beginning.”

The Sunday announcement provides a certain degree of insights to understand the way Trump’s way Trade policy may be realized A few days and weeks after his inauguration ceremony. He announced that he had to impose tariffs on China, Canada and Mexico, but has not yet issued a formal announcement on these actions. Economists generally believe that the widespread use of tariffs may increase the price of imported goods, although the ultimate impact of such tariffs has a small impact.

According to data from US trade representatives, the trade surplus between the United States and Colombia is 3.9 billion US dollars, and the total trade and service trade has reached US $ 53 billion. According to the State Council, the highest imports imported from Colombia include crude oil, coffee and flowers, and the highest exports include oil, corn and electrical equipment and parts.