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.

The nations spent much of the day in a tense standoff, with the U.S. president threatening tariffs and visa restrictions after Colombia turned away two deportation flights.

The US is Colombia's biggest export market, but it makes up only 0.5 percent of American imports, ranking as the 26th largest goods importer to the US.

You may think coffee or salsa dancing when you think of Colombia, but with Valentine’s Day around the corner, lovers beware that threats of tariff hikes from US President Donald Trump could put the country’s lesser known but vibrant floral industry at risk of collapsing.