American consumers narrowly escaped dramatic increases in the cost of their morning coffee and Valentine’s Day flowers after President Donald Trump on Sunday announced, then quickly rescinded, a 25% tariff on all imports from Colombia — with plans for a whopping 50% tariff to be imposed one week later.
Trump briefly raised the idea of buying Greenland in his first term and expressed shock—even calling off a planned visit to Copenhagen—when his offer was refused. This time around, he’s not backing down. He has held at least one reportedly tense phone conversation on the matter.
There were no Situation Room meetings and no quiet calls to de-escalate a dispute with an ally. Just threats, counterthreats, surrender and an indication of the president’s approach to Greenland and Panama.
Oil prices retreated on Monday after the U.S. pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions, though U.S. President Donald Trump's muscle-flexing is keeping markets twitchy.
In just a week, the president has floated financial reprisals for Mexico, Canada, Russia, Denmark and Colombia. The hostilities could backfire.
Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
The president is increasingly threatening other countries with tariffs for issues that have little to do with trade.
In the Colombia episode, President Gustavo Petro ... a move that he believes is the most effective way to force Russia to negotiate an end to its war against Ukraine. The kingdom is the most ...
His trade diplomacy could be used to deal with unfair trading practices, or closing the border, restoring national security, and could even be used to
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.
Donald Trump is practicing not deterrence but ‘compellence,’ making a threat to coerce foreign actors into doing things we want.