Donald Trump in his return to the White House has already previewed his second term foreign policy approach: Talk loudly and wield a big stick.

American consumers narrowly escaped dramatic increases in the cost of their morning coffee and Valentine’s Day flowers after President Donald Trump on Sunday announced, then quickly rescinded, a 25% tariff on all imports from Colombia — with plans for a whopping 50% tariff to be imposed one week later.

Colombia did an about-face at lightning-fast speed on accepting deportation flights in what President Donald Trump hailed as a victory for his "f--- around and find out" [FAFO] style of governing.

There were no Situation Room meetings and no quiet calls to de-escalate a dispute with an ally. Just threats, counterthreats, surrender and an indication of the president’s approach to Greenland and Panama.

Trump briefly raised the idea of buying Greenland in his first term and expressed shock—even calling off a planned visit to Copenhagen—when his offer was refused. This time around, he’s not backing down. He has held at least one reportedly tense phone conversation on the matter.

In just a week, the president has floated financial reprisals for Mexico, Canada, Russia, Denmark and Colombia. The hostilities could backfire.

Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.

As tensions between Russia and Ukraine persist, the involvement of foreign fighters continues to complicate the conflict. The capture and prosecution of these individuals have become a significant part of Russia’s legal and propaganda efforts.

Trump's tariff threats to bully countries into helping achieve his political goals may create a backlash like the one that propelled him to power US President Donald Trump's first term changed the conversation on trade in the United States.

President Donald Trump's economic warfare and "respect equals fear" philosophy will be key tenets of his administration's foreign policy approach as he begins his second term in the White House.

Oil Futures Lower Ahead of EIA Data, Fed Decision -- Market Talk