Why is that important?
This agreement is crucial due to the fact that it prevents the escalation of trade tensions between the US and Colombia. Before reaching an agreement, US president Donald Trump threatened Colombia with sanctions for refusing to accept deported immigrants. In response, Colombia's president Gustavo Petro announced the imposition of advanced tariffs on American goods, which could trigger a customs war.
What did Gustavo Petro say?
The president of Colombia initially announced that his country would impose 50% duties on US products, but later corrected this information, saying that the work would be 25 percent.
What did Donald Trump say?
Donald Trump in turn announced the introduction of severe 25-proc against Colombia. import duties and subsequent increases to 50% and financial sanctions against the country, and Colombian officials and their families.
The decision of both governments seems to end the one-day crisis in Colombian-American relations.
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