Colombia's President Gustavo Petro averted an economic disaster at the 11th hour after diplomats from his government and the U.S. reached a deal on deportation flights, but the Colombian business community on Monday called for cooler heads to prevail as Colombians bemoaned canceled U.

Trump threatened Colombia with tariffs and a travel ban. Colombia's leader wanted better treatment for deportees. They appear to have reached a compromise.

The US will not go ahead with tariffs on Colombia, after Bogota agreed to accept - without restrictions - deported migrants, the White House says. Donald Trump had ordered 25% tariffs on all Colombian goods after its president barred two US military deportation flights from landing in the country on Sunday.