Trump Issuing Emergency 25% Tariffs’ Against Colombia
Well I can't have a relaxing Sunday under the Trump administration... The news just broke that Trump announced retaliatory tariffs on Colombia after its president blocked US military deportation flights from landing. This news is huge for investors like me because this is the first instance of Trump using economic pressure to force other nations to fall in line with his mass deportation plans since he took office last week.
Earlier today, Colombian President Gustavo Petro announced he had blocked two US military flights carrying migrants heading toward the country and called on the US to establish better protocols in its treatment of migrants. Like clockwork, an impulsive Trump criticized him on social media while announcing a slate of new sanctions and policies targeting the country. These tariffs will impact all imports from the country at 25% and Trump threatened that they will be raised to 50% in a week. Trump also put a travel ban for Colombian citizens, and a revocation of visas for Colombian officials in the US.
As an investor I think this news may create some volatility in markets while increases prices for good like coffee which is one of their largest exports. The fact that Trump said these measures are just the beginning as more uncetainty which markets don't like.
I find this whole situation sad and funny. I feel for all the people impacted and funny because I thingColombian President Petro may be trolling Trump. Petro had authorized flights and provided all needed authorizations and then canceled his authorization when the planes were in the air! This may be why Trump is so angry becuase he knows he looks weak and the fool right now.
Other countries have seized this opportunity to call out Trump's action. Brazil jumped on the bandwagon condemning the Trump administration’s handling of repatriated migrants on deportation flights. They denounced the treatment of Brazilian nationals and brought to light the condition of the who arrived in the country and deemed their arrival as degrading. I can't wait to see what dram unfolds this week with both Trump and the markets.
"Ossuing?"
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The US might be drinking american grown coffee, I have a coffee tree already just gotta get it producing some Java! The tariff thing is unlikely a forever thing. But for now it's a now thing. !BBH
Maybe but with them backing off it might not be bad
Seems the tarrifs are gone already. Didn't take long at all. !BBH
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Thanks. !BBH
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Some other news will also come in some time which we cannot think Trump administration will act fast
We will see what happens.
Yes
I heard that the Colombian president is somewhat of a dictator and not many of the people like him. I guess that probably doesn't mean much. You know how I feel about Trump, but I do think we need to focus on some of the internal things that are happening in the US and stop worrying so much about what other countries want, expect, or think. They all seem to hate us anyway for doing things the way we have been.
I don't know much about him and he did end of caving. We will see how the trump trade works out
That's all we can do at this point...
I am really curious actually to know what trump is up to. Well time will definitely reveal it to us
We will see it's going to be crazy
Definitely
Good luck to Mr. Trump imposing Tariffs to everyone he doesn't like and deporting alleged "illegal immigrants" all over around the world. The US o A people are going to be more than pleased with the wild runaway inflation in all their consumer products. Because their food diet is gonna be more than fascinating to help to combat the obesity epidemic there in their MAGA country.
We will see what happens markets got some more news today that really got the blood flowing.
Well in the end he had what he wanted, so we can say his tactic worked... Europeans countries would have said "ok" and do nothing 😆
We will see how all this plays out
Trump is not doing it right, 50% import tariffs are a big economic burden on the country. The business sector will be unstable and the Colombian economy will be weak, very sad
Well markets sure took that news and chooses Ai on the chin today