China, Japan, South Korea mull currency swap deal to mitigate Trump tariff impact
China is exploring the establishment of a trilateral currency swap agreement with Japan and South Korea....
Residents of Colombia’s capital voiced their disagreement with President Gustavo Petro’s decision to reject two U.S. military flights carrying deported migrants, expressing concerns about potential retaliation from the United States.
President Donald Trump announced on Sunday (January 26) that he would impose sweeping sanctions on Colombia after the South American nation turned away the deportation flights as part of the U.S. administration’s ongoing immigration crackdown. Trump’s measures include tariffs on Colombian goods, as well as other diplomatic penalties aimed at pressuring the Colombian government to reconsider its stance.
Colombians, including local residents like Juan Carlos Robayo, expressed their frustration with the decision. “If they are deported from another country, they must be received here because this is their country,” Robayo said. “How can one accept that? If you come to your own country, how can you not be accepted? It’s not logical.”
The potential economic fallout from Trump’s proposed sanctions has sparked concerns across Colombia. “It affects us, it will affect all people exporting their products,” said Jenny Ortiz. “This will put a halt on Colombian commerce with the United States. This will completely affect us.”
Alexander Camargo, another local resident, stressed that President Petro needs to reconsider his approach. “Mr. Petro needs to think with a cold head, not ideologically, but about what’s best for our country. He needs to think more,” he said.
In response to the rejection of the deportation flights, Colombia, a key trading partner of the U.S. in Latin America, has threatened to impose a 50% tariff on American goods.
Trump’s actions reflect a more assertive foreign policy, aiming to make an example of Colombia as the second Latin American country to deny U.S. military deportation flights. The retaliatory measures include a 25% tariff on all Colombian goods entering the U.S., which will rise to 50% within a week; a travel ban and visa revocations for Colombian government officials; as well as financial sanctions on Colombia's treasury and banking systems.
As tensions rise between the two nations, the economic and diplomatic repercussions could have lasting effects on trade relations between Colombia and the United States, a relationship worth billions of dollars annually.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
China is exploring the establishment of a trilateral currency swap agreement with Japan and South Korea.
Athletic Club host Qarabağ FK on Wednesday at San Mamés, aiming to earn their first points in the new Champions League league phase as the Azerbaijani side look to extend their perfect start.
Moscow says it will not seize European assets but warns it could reconsider if the European Union moves to confiscate frozen Russian sovereign funds.
The investigation into the downing of Azerbaijan Airlines Flight 8243, which crashed near Aktau on 25 December 2024, is nearing completion, Kazakhstan’s Deputy Prime Minister Kanat Bozumbayev said on Wednesday.
Serbia's President Aleksander Vucic has said that the shooting incident outside of the Parliament in Belgrade was a terrorist attack.
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