The White House claimed victory in a showdown with Colombia over accepting flights of deported migrants from the U.S. on Sunday, hours after President Donald Trump threatened steep tariffs on imports and other sanctions on the longtime U.

The U.S. State Department also said that it would stop issuing visas to Colombian travelers until deportation flights resumed. Colombia received more than 120 deportation flights last year, but those were charter flights operated by U.S. government contractors.

The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President Donald Trump’s overnight threat to impose steep tariffs on Colombia.

The US and Colombia pulled back from the brink of a trade war after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.

After US President Donald Trump threatened Colombia with a 25% tariff if the country didn't agree to accept deported migrants, the White House reported that South American nation agreed to Trump's terms.

President Donald Trump is set to impose his tariffs over the weekend, gambling that taxing American companies for imported goods will ultimately punish the countries that make stuff Americans want – and bring those nations to the negotiating table.

President Donald Trump has officially greenlit 25% tariffs on imports from Canada and Mexico, starting February 1.

President Trump warned of new tariffs on China, Canada, and Mexico as soon as February 1. Here's where his trade plans stand as the deadline nears.

Trump, Colombia apparently reach deal to avoid tariffs   President Trump and the Colombian government apparently reached a deal late Sunday to avoid U.S. tariffs on Colombian goods after dramatic confrontations in which Colombia refused

President Donald Trump said he would follow through on his threat to impose 25% tariffs on imports from Canada and Mexico on Feb. 1, citing the flow of fentanyl and large trade deficits as among the reasons for his decision.

Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.

Having already forced Colombia to accept deportees by threatening a 25% tariff, President Donald Trump is readying the same move against Canada and Mexico as soon as Saturday.