On Sunday, the possibility of a commercial war between the United States and Colombia broke out briefly that threatened to make coffee, flowers and raw materials for Americans more expensive, and put billions of dollars at risk in sales of corn producers and American chemical companies.
The relations between the two countries deteriorated quickly after the South American country refused to receive US military planes that transported deported immigrants. In response, President Trump said on social networks that he would immediately impose tariffs on all Colombian imports and the president of Colombia, Gustavo Petro, threatened to impose his own tariffs hours later.
At the last minute of Sunday, the leaders seemed to resolve their differences and the Colombian Ministry of Foreign Affairs said it would allow US military planes to lead to the country and “would guarantee decent conditions.” As a result, the tariffs “would remain in reserve,” according to a statement from the White House.
The United States is Colombian’s largest shopping partner, but Colombian products constitute a relatively lower Participation of American imports. Some Colombian products are much more exposed than others.
Crude oil is, by far, the most valuable in the United States. Colombian importwhich represents 5.4 billion dollars of the 16,000 million dollars in products that the United States imported from there in 2023, but that is just a small proportion of total crude imports. Colombia represented more than a third of total imports of nursery material and about 20 percent of coffee imports, according to the Census office.
Although the US economy is a much larger market than Colombia, it would feel something harmed in a commercial war. American manufacturers of oil products, for example, did business with Colombia for around 2.5 billion dollars in 2023. The following most valuable annual exports to the country were corn (1.2 billion dollars) and chemicals (1 billion dollars ).
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