If the President imposes any new (or raised) tariffs on Colombia before Jan 1, 2026, then the market resolves to Yes. Outcome verified from White House and The New York Times.
Global tariffs (tariffs on all imports into the United States) will not affect the value of this market, which is only about country/bloc-specific tariffs. In the same vein, an EU-wide tariff would not count for a member country such as "Germany", but it would satisfy the criterion for "The European Union".