Monday, January 27, 2025

Colombia imposes retaliatory tariffs on US goods

Colombian President Gustavo Petro said that he would impose retaliatory tariffs on US goods.

"I have instructed the Foreign Trade Minister to raise tariffs on imports from the US by 25%," the Colombian president wrote on his X page.

"US goods whose prices will increase must be replaced with domestically produced goods, and the government will assist in this," Petro added.

He also pointed out that the Foreign Trade Ministry should help direct Colombian exports to other countries around the world. "Our exports must expand. I invite all Colombian communities abroad to participate in the promotion of our products," Petro emphasized.

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