Trump Tariffs On Colombia Could Increase Prices on Everyday Items Such As Oil, Coffee

Trump Tariffs On Colombia Could Increase Prices on Everyday Items Such As Oil, Coffee

President Donald Trump announced a 25 tariff on all goods from Colombia, set to take effect immediately, with plans to increase it to 50 in a week. The tariffs follow Colombia’s rejection of a U.S. deportation flight and could raise the price of everyday items in the U.S. Colombia is a key supplier of petroleum, coffee, and cut flowers. Colombia exported over $50 billion in goods the to the U.S. in 2022. Coffee prices, already up 3.8 in 2024, may rise further as Colombia supplies 20 of U.S. imports. The tariffs are part of Trump’s immigration crackdown, sparking concern about economic fallout and increased Chinese trade ties with Colombia.


User: Benzinga

Views: 872

Uploaded: 2025-01-27

Duration: 00:50

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