Colombia faces Trump tariffs and U.S. stock gains continue
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President Trump announced a 25% tariff on Colombian goods and U.S. stocks finished positively for the second week. Meta plans a major investment and earnings reports are anticipated from major companies.
U.S. President Donald Trump announced on his social media platform Truth Social that he would impose an immediate 25% tariff on goods from Colombia, which will increase to 50% within a week. This move is part of a series of punitive measures against the Colombian government. As a result, U.S. consumers may see higher prices for coffee, crude oil, and cut flowers originating from Colombia.
