Feb 8 • 13:00 UTC 🇪🇨 Ecuador El Universo (ES)

Tariffs, tariffs

The tariff crisis with Colombia appears to be nearing resolution, following controversy over Ecuador's import duties.

Ecuador's imposition of a 30% tariff on Colombian imports was largely a response to security concerns regarding drug trafficking at the border, a move criticized by many as misguided. Analysts argue that President Noboa's decision to enforce this trade measure ignores the underlying security issues that should have been addressed through diplomatic dialogue, leading to fears of a brewing trade war that may hurt businesses on both sides and cause supply shortages and price hikes for consumers.

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