After a 10-hour standoff, Colombian officials have agreed to resume deportation flights, avoiding President Donald Trump's threats of 25% tariff if the country did not agree to his terms.
Yahoo Finance Washington correspondent Ben Werschkul joins Market Domination Overtime to break down the key takeaways from the recent news, noting the Trump administration's plans to use the 1977 International Emergency Economic Powers Act (IEEPA) to enable quick tariff implementation.
With Congress largely deferring to Trump, this episode signals a broader, more aggressive trade approach, particularly as the February 1 deadline for Canada, Mexico, and China's respective import taxes looms.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Josh Lynch
