President Trump on Sunday said he was imposing large tariffs and significant sanctions on Colombia after its government refused to accept two military cargo flights carrying deported Colombians. Why it matters: The Latin American country has long been a crucial U.

President Donald Trump posted threats against Colombia on his social media platform on Sunday after two U.S. military repatriation flights were prevented from landing.

President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can avoid looming U.S. tariffs if they act swiftly to close their borders to fentanyl,

It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.

President Trump’s recent statements on trade suggest a more nuanced approach to tariffs, using them as a negotiating tool rather than an immediate economic weapon. In an interview with Fox News, Trump mentioned the possibility of tariffs as a significant tool against China,