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 Trump administration responded by threatening to slap punitive tariffs on Colombian exports to the US. President Petro at first said Colombia would retaliate by imposing tariffs on US goods, but the White House later announced that Colombia had agreed to accept migrants - including those arriving on US military aircraft - "without limitation or delay".