"Wealth is produced only by the working people," Gustavo Petro said in a post on X: "Let's build social wealth in Colombia"

Tariffs are paid by US businesses to the government on purchases from abroad and the economic weight can fall on importers, foreign suppliers or consumers.

The accusation takes place during the same week that U.S. Secretary of State Marco Rubio is set to visit the country in his first international trip since assuming the role

"In an attempt to supposedly defend the dignity of undocumented migrants, he ended up damaging the dignity of all Colombians," Christian Garcés told The Latin Times

Former Colombian presidents, including political rivals of President Petro, reportedly intervened to prevent further escalation

Even though the diplomatic standoff seems to have come to an end, analysts still anticipate challenges between both countries going forward

While Trump is not the first president to use trade to advance non-economic interests, the magnitude is much larger than anything else seen over history

Just days after beginning his second term in the White House last week, Trump said he would impose a 10% levy on all Chinese products from February 1, while leaving the door open for negotiations.

This week, the mercurial magnate said 10% tariffs on all Chinese imports could kick in on Feb. 1 -- and on the campaign trail touted a levy as high as 60%.

The announcement comes two weeks after Mexico pledged a a 19% duty on goods entering the country via courier from nations without trade agreements like China

Oregon Sen. Ron Wyden dismissed treasury nominee Scott Bessent's claim, calling it "bologna" and reiterating his belief that workers and small businesses would actually pay the most.

Despite Mexico's trade appeal, uncertainty looms as Trump threatens tariffs on its imports to pressure immigration and drug enforcement.

Overseas shipments represented a rare bright spot for Beijing last year as sluggish domestic consumption and a prolonged crisis in the property sector dragged on growth.

The news comes amid a back-and-forth between both countries, which included Trump referring to Canada's Trudeau as the "Governor of the great state of Canada"

Charles Angus said Canadians need to stand up to Trump, "not to be boasting like he boasts and not to be threatening like he threatens, but to stand for Canadian values."

Trump's rhetoric on tariffs has led some to view his approach as a "divide and conquer" tactic between the two nations

Americans are hoarding toilet paper and going into debt out of fear that Donald Trump's tariffs will drive up prices.

The coalition comprises countries viewed as major non-Western global powers, some of which are key U.S. trade partners.

Canada weighs counter-tariffs in response to Trump's plan, which could disrupt trade, harm both economies, and escalate tensions over immigration policies.

Trump claims the tariffs seek to curb illegal immigration and drug trafficking caused by both countries' "open borders."

In the letter, Sheinbaum described the U.S. drug crisis as a "national public health issue" and criticized Trump's tariffs as both ineffective and harmful, warning they would jeopardize shared economic interests.

Trump's tariff threats could disrupt U.S. auto and oil supply chains and prompt Mexico to strengthen trade ties with other countries, particularly China.

Mexican Economy Secretary Marcelo Ebrard warned that retaliatory tariffs could rekindle inflation in the U.S.

Amid tariff threats, Ebrard stresses optimism and preparation as Mexico tops U.S. trade rankings, plans talks with Tesla to boost industry ties.

Proposed tariffs on Chinese imports under Trump's administration could lead to a sharp rise in the price of video game consoles and gaming hardware.

In an election eve-rally, Trump warned of tariffs of up to 100% on Mexican products if Sheinbaum failed to reduce illegal immigration to the U.S. border.