Coffee, Crude Oil and Cut Flowers: Here are the colombian Goods You May Be Paying More for Under Trump’s Tarifs

Presiding Donald Trump‘S Newly Announced Tariffs

Trump said in a social media post Sunday that he would immediately impose a blanket 25% tariff on all goods coming into the us from colombia, among other sanctions. The announsement came after colombia Rebuffed a US MILITARY Flight of Deported MigrantsTrump also said that the tariffs would soar to 50% in a week.

A tariff is effectively a tax on goods when they are brough a country. While the importing company pays the tax, the cost is often passed on to other parties in the form of higher prices, including us consucers.

Colombia is not one of the US ‘Larget Trading Partners, But Steep Tarifs Cold Still Impact Billions of Dollars of Economic Activity. The office of the US trade representative puts Total Bilateral Trade Between the US and Colombia at $ 53.5 billion annual as of 2022, with the us having a Trade Surplus of $ 3.9 Billion.

According to data compiled by the Observator of economyORC, Petroleum is the Larget Export of Colombia to the US, At Roughly $ 6 Billion in 2022.

Oil is a two-way trade between the country, as refined petroleum from the us is the biggest expense to columbia.

The Second-Larget Export from Colombia was coffee, at $ 1.8 billion, according to oec. Colombia Accounts for About 20% of Coffee Shipped to the Us and is the second-largest source of important after brazil, according to the Us department of Agriculture,

Tariffs on Coffee Belt Squeeze Americans Who are already having to pay up for their drinks. The Price of Coffee Rose 3.8% in 2024, Above the overall rate of inflation, according to the bureau of labor statistics.

Cut flowers were the third biggest important from colombia, at $ 1.6 billion. Other items being regularly shipped to the US from Colombia Include Gold and Aluminum Structures.

The tariffs on colombia are a ripple effect of the Trump Administration’s Crackdown on Undocuminted migrants In the US mexico and brazil are among other counts that have raised objections to the US plan to send migrants back to their former homes.

DURING HIS CAMPAIGN, Trump Touted Tariffs as a Way to Raise Revenue for the Government and to Force Other Countries to Go Along with Us Policies.

“We will not allow the colombian government to vioolate its legal obligations with the accepting and return of the criminals they forced into the united states,” Trump Said In A TRUSH SOCIL POST.

– CNBC’s Steve Liesman Contributed Reporting.