American consumers narrowly escaped dramatic increases in the cost of their morning coffee and Valentine’s Day flowers after President Donald Trump on Sunday announced, then quickly rescinded, a 25% tariff on all imports from Colombia — with plans for a whopping 50% tariff to be imposed one week later.
Colombia did an about-face at lightning-fast speed on accepting deportation flights in what President Donald Trump hailed as a victory for his "f--- around and find out" [FAFO] style of governing.
Trump briefly raised the idea of buying Greenland in his first term and expressed shock—even calling off a planned visit to Copenhagen—when his offer was refused. This time around, he’s not backing down. He has held at least one reportedly tense phone conversation on the matter.
There were no Situation Room meetings and no quiet calls to de-escalate a dispute with an ally. Just threats, counterthreats, surrender and an indication of the president’s approach to Greenland and Panama.
Oil prices retreated on Monday after the U.S. pulled back from initial sanctions threats against Colombia, reducing immediate concern over oil supply disruptions, though U.S. President Donald Trump's muscle-flexing is keeping markets twitchy.
In just a week, the president has floated financial reprisals for Mexico, Canada, Russia, Denmark and Colombia. The hostilities could backfire.
Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
His trade diplomacy could be used to deal with unfair trading practices, or closing the border, restoring national security, and could even be used to
Donald Trump in his return to the White House has already previewed his second term foreign policy approach: Talk loudly and wield a big stick.
Oil market momentum was kept in check on Monday as prices fluctuated in and out of negative territory, with traders on edge despite the U.S. pulling back from initial sanctions threats against Colombia,
The president is increasingly threatening other countries with tariffs for issues that have little to do with trade.