Defense programs, particularly shipbuilding, will experience high costs and delays if the administration's tariffs target crucial materials, analysts said.

U.S. President Donald Trump says that he’s ordering tariffs, visa restrictions and other retaliatory measures against Colombia after its government rejected two military flights carrying migrants

This was the first time in recent memory that military aircraft were used to fly migrants out of the country, one U.S. official said.

Colombia has walked back from the brink of a damaging trade war with the United States, reaching an agreement on accepting deported migrants being returned on military planes, after a flurry of threats from President Donald Trump that included steep tariffs.