Trump buys at least $82 million in bonds since late August, disclosures show
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new inves...
Colombian President Gustavo Petro said on Thursday that a suspension of U.S. aid would make little difference to his country, although reductions in military assistance could have a tangible impact.
Over the weekend, U.S. President Donald Trump threatened to raise tariffs on Colombia and announced on Wednesday that all funding to the country had been halted.
Colombia was once among the largest recipients of U.S. assistance in the Western Hemisphere, but the flow of money has been abruptly cut this year following the closure of USAID, Washington’s humanitarian aid agency. Military cooperation, however, has so far continued.
“What happens if they take away aid? In my opinion, nothing,” Petro told reporters, noting that such funding often passes through U.S. agencies and largely benefits Americans.
He added, however, that losing U.S. military support would be more consequential.
“Now, in military aid we would have some problems,” he said, explaining that the loss of U.S. helicopters would have the most serious consequences.
The Trump administration has already “decertified” Colombia’s efforts to combat drug trafficking, opening the door to further cuts. Nonetheless, some U.S. military personnel remain stationed in the country, and both sides continue to share intelligence.
Petro has criticised the U.S. military’s strikes against vessels in the Caribbean, which have killed dozens of people and heightened regional tensions. The operations have also drawn condemnation from legal experts and human rights groups.
Trump, in turn, has labelled Petro an “illegal drug leader” and a “bad guy” — remarks the Colombian government has described as offensive.
In response, Petro has recalled his ambassador from Washington, though he met with the U.S. chargé d’affaires in Bogotá late on Sunday.
While Trump has not announced new tariffs beyond the existing 10 percent levy on Colombian goods, he said on Wednesday that he may take “serious action” against the country.
Petro argued that Trump is unlikely to impose tariffs on oil and coal, which together account for 60 percent of Colombia’s exports to the United States, and suggested that any impact on other industries could be offset by finding alternative markets.
Such tariff increases would reverse decades of U.S. policy that sought to make legitimate trade more appealing than the narcotics trade, and analysts warn that higher duties could ultimately strengthen drug trafficking networks.
Although his government continues to face challenges in asserting control over rebel and criminal strongholds, Petro said authorities had seized a record 2,800 metric tons of cocaine in three years, partly thanks to enhanced operations at Pacific ports used for smuggling via container ships.
He also reiterated his claim that Trump’s actions are politically motivated, intended to boost Colombia’s far right ahead of next year’s legislative and presidential elections.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
The Azerbaijan embassy in Kyiv was damaged by debris from an Iskander missile during Russia’s overnight attack, which killed four people and injured dozens, President Volodymyr Zelenskyy said on Friday.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
Iran has strongly rejected as “unfounded and irresponsible” a joint statement by the foreign ministers of the Group of Seven (G7) about Tehran’s nuclear program and its alleged support of Russia in the war with Ukraine.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
Thousands of climate demonstrators filled the streets of Belém on Saturday, marching loudly and peacefully to demand stronger action to protect the planet and to voice frustration at governments and the fossil fuel industry.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
A landslide caused by heavy rainfall in Central Java has claimed the lives of 11 people, Indonesia's disaster management agency reported on Saturday. Rescue teams are still searching for a dozen individuals who remain missing.
Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu held a phone conversation on Saturday to discuss the situation in Gaza and the wider region, the Kremlin said.
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