US President Trump has delayed tariffs and sanctions on Colombia after the country agreed to accept all illegal Colombian migrants returned from the US, including those on military planes.

The deal will remain in effect unless Colombia fails to honour it. President Petro and Foreign Minister Murillo confirmed that Colombia will continue receiving deported nationals.

Trump had earlier threatened a 25% tariff on Colombian goods, set to rise to 50%, along with travel restrictions and other sanctions, after Colombia blocked military planes carrying deported migrants.

US Secretary of State Marco Rubio ordered visa suspensions and travel restrictions for those blocking the deportations, which will remain until deportees are successfully returned.

Trump’s tariff threat created uncertainty in global markets, affecting emerging-market currencies like the Mexican peso and South African rand, despite the reversal of the decision.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!