On Sunday, the possibility of trade war broke out between the United States and Colombia, which could find more expensive coffee, flowers and raw materials for Americans, while American maize growers and chemical societies could find endangered sales.
The relations between the two countries deteriorated rapidly after the South American country refused to receive US military aircraft bearing deportated immigrants. In response to the President Trump on the social media said that he would immediately impose a tariff of 25 percent About all Colombian imports and escalate tariffs to 50 percent per week. Colombian President, Gustavo Petro, threatened his 50 percent of the tariffs a few hours later.
The United States is the largest business partner of Colombia, but Colombian products form a relatively small The share of American imports. Some Colombian products are much more exposed than others.
While oil is by far the most valuable US Colombian importIt represents $ 5.4 billion of $ 16 billion products that the US imported from 2023, which is only a small share of total oil imports. Colombia represented more than a third of the total import of kindergarten and about 20 percent of the import of coffee, according to the Office of the Census. This could mean more expensive coffee and flowers in front of Valentine.
While the US economy is an extremely larger market than Colombia, it is also likely that it will feel some pain if the tariffs are stored. The industry is most likely to be influenced by agriculture and suppliers of raw materials that are the building blocks of industry. For example, US oil products manufacturers made approximately $ 2.5 billion in 2023.
