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Amid warnings of price increases, Canada moved quickly to retaliate, China said it had planned countermeasures, and Mexico said it would soon unveil its response.

(Bloomberg) -- President Donald Trump slapped tariffs and travel bans on Colombia on Sunday, after the South American country refused to allow two planes of deported migrants to land on its soil.Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasBillionaire Developer Caruso Slams LA Leadership Over WildfiresHow Sanctuary Cities Are Preparing for Another Showdown With TrumpHoboken PATH Station Will Close for Almost a Month on Jan. 30I

O'Leary Ventures Chairman Kevin O'Leary weighs in on President-elect Trump's proposal to have Canada join the U.S.

Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect's threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada from Florida, whether the conversation had alleviated Trump’s concerns. The official, who was not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity, said topics included trade, border security, fentanyl, defense, Ukraine, NATO, China, the Mideast and pipelines, as well as the the Group of Seven meeting in Canada next year.

Colombia and a US firm are fighting over a shipwreck in the Caribbean Sea that could be worth $18bn.