Colombia Tariffs Could Raise Coffee, Oil Prices

President Donald Trump’s decision to impose tariffs on Colombia could raise the price of some goods such as crude oil, coffee, and cut flowers, NBC News reported.

On Sunday, Trump posted to Truth Social that he directed his administration to place “25% tariffs on all goods coming into the United States. In one week, the 25% tariffs will be raised to 50%.”

The tariffs come as a response to Colombia blocking the repatriation of illegal immigrants that the United States deported.

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