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.

A looming trade war between the US and Colombia appears to have been averted after the Colombian government agreed to allow US military flights carrying deported migrants to land in the Andean country. The spat erupted on Sunday when President Gustavo Petro barred two military planes carrying Colombians deported from the US from landing.

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.