Trump/Putin summit, UnitedHealth and Japan’s GDP - what’s moving markets
Investing.com -- U.S. President Donald Trump announced on Sunday that he is initiating a series of actions against Colombia after the Colombian government rejected two U.S. military flights carrying migrants.
Trump ordered his Administration to introduce "emergency 25% tariffs on all goods coming into the United States," which will be raised to 50%" in one week.
According to Trump, these measures are necessary as the decision by Colombian President Gustavo Petro has put U.S. national security at risk. The retaliatory actions include tariffs, visa restrictions, and other measures.
Trump communicated his decision on his social media platform, Truth Social, stating that these actions were just the start.
“These measures are just the beginning. We will not allow the Colombian Government to violate its legal obligations with regard to the acceptance and return of the Criminals they forced into the United States!” Trump wrote on Truth Social.
He expressed his disapproval of the Colombian government's breach of legal obligations concerning the acceptance and return of migrants they allegedly forced into the U.S.
Earlier on Sunday, President Petro stated that his government would not accept flights carrying deported migrants from the U.S. until the Trump administration establishes a protocol that ensures their dignified treatment.
Petro's announcement was made in two posts, one of which featured a news video showing migrants reportedly deported to Brazil walking on a tarmac with restraints on their hands and feet.