Trump Tariffs On Colombia Could Increase Prices on Everyday Items Such As Oil, Coffee

President Donald Trump announced a 25% tariff on all goods from Colombia, set to take effect immediately, with plans to increase it to 50% in a week. The tariffs follow Colombia’s rejection of a U.S. deportation flight and could raise the price of everyday items in the U.S. Colombia is a key supplier of petroleum, coffee, and cut flowers. Colombia exported over $50 billion in goods the to the U.S. in 2022. Coffee prices, already up 3.8% in 2024, may rise further as Colombia supplies 20% of U.S. imports. The tariffs are part of Trump’s immigration crackdown, sparking concern about economic fallout and increased Chinese trade ties with Colombia.