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.

The U.S. and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft from San Diego carrying deported migrants.

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.