The U.S. State Department also said that it would stop issuing visas to Colombian travelers until deportation flights resumed. Colombia received more than 120 deportation flights last year, but those were charter flights operated by U.S. government contractors.

The US and Colombia pulled back from the brink of a trade war after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.

The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President Donald Trump’s overnight threat to impose steep tariffs on Colombia.

Investing.com -- As President Trump’s February 1 tariff deadline approaches, Wolfe Research warns that "any given day we could wake up to another situation like Colombia," referencing last weekend’s swift tariff threats that led to a policy reversal from Bogotá.

After US President Donald Trump threatened Colombia with a 25% tariff if the country didn't agree to accept deported migrants, the White House reported that South American nation agreed to Trump's terms.

President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb. 1, citing the flow of fentanyl and large trade deficits as among the reasons for his decision.

Following his inauguration, Trump imposed a Feb. 1 deadline for both countries to begin complying with his border and immigration policies or risk the tariffs.

Trump also indicated that he would impose 10% tariffs against China. Trump had floated those tariffs before, saying Beijing failed to follow through on promises to prevent fentanyl and the chemicals used to make the deadly drugs from flowing into the US.

Shortly after last November’s election, Trump threatened China, Mexico, and Canada with 10% and 25% tariffs, respectively.

It's clear the ''America First'' agenda will not ultimately succeed without getting the region right, writes Eric Farnsworth in The National Interest.

President Donald Trump’s vow to levy punishing taxes on the country’s top trading partners is already having the Texas business community on edge, with even Republicans who support the president acknowledging it could cause pain in the state.

The US president also indicated he would proceed with duties on China, though he did not specify how high they would be US President Donald Trump said he would follow through on his threat to impose 25 per cent tariffs on imports from Canada and Mexico on February 1,