These are the Colombian products that will take a hard hit after the tariff announced by Trump
The Supreme Court of the United States dealt a significant blow to President Donald Trump's tariff policy, but the president immediately responded by imposing a new temporary global tariff of 10%.
TL;DR
- The U.S. Supreme Court ruled Trump's reciprocal tariffs illegal, stating he exceeded his constitutional authority by bypassing Congress.
- President Trump immediately responded by imposing a temporary 10% global tariff, invoking emergency powers related to the balance of payments deficit.
- This new tariff will significantly impact Colombian exports such as coffee, avocado, and bananas.
- Other Colombian products like flowers, cacao, and textiles will revert to a 10% tariff.
- The Colombian peso weakened against the dollar following the announcement.