President Trump on Sunday said he was imposing large tariffs and significant sanctions on Colombia after its government refused to accept two military cargo flights carrying deported Colombians. Why it matters: The Latin American country has long been a crucial U.

President Donald Trump posted threats against Colombia on his social media platform on Sunday after two U.S. military repatriation flights were prevented from landing.

It’s likely U.S. shoppers would see prices rise for a wide range of items, including food, gas, clothing, consumer electronics, jewelry, cosmetics, new cars and homes and good made by U.S. manufacturers using imported raw materials and equipment.