Trump's retaliatory duties on imports from Colombia could exacerbate rising US coffee prices

U.S. President Donald Trump's retaliatory duties of 25% on imports from Colombia could exacerbate the continued rise in coffee prices in America. Axios news portal reported on January 26.

"Beans from Colombia account for 20% of US coffee imports, while the only larger source, Brazil, is struggling with a weak crop due to weather disasters," the publication follows.

Thus, the price increase is likely to make American residents pay even more for a cup of coffee.

Axios specifies that despite the new trade duties, prices began to rise even before they appeared. Over the past six months, coffee futures have risen 45%.

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Earlier in the day, the US imposed sanctions and 25% duties on all goods from Colombia for Bogota's refusal to accept a plane with deported migrants. Trump also banned travel and revoked visas for Colombian government officials and their allies and supporters. Visa sanctions are also imposed on all party members, family members and supporters of the Colombian government.

At the same time, Petro said Colombia was refusing to accept U.S. airplanes carrying deportable Colombians. He said it was necessary to establish a protocol to treat the migrants with dignity before Colombia would start accepting them again.

It was later revealed that Colombia had deployed two U.S. military planes bound for the Latin American country with about 160 deportable migrants on board.