Feb 22 • 21:30 UTC 🇪🇨 Ecuador El Universo (ES)

Tariffs: Ecuador analyzes 'each step in the statements from the United States to be prepared'

Ecuador is closely monitoring U.S. tariff policy changes following a Supreme Court ruling and a new general tariff announcement by the White House.

In light of the recent U.S. Supreme Court ruling against certain tariff policies, Ecuador's Minister of Production, Commerce, and Foreign Investments, Luis Alberto Jaramillo, has emphasized the need for caution and thorough analysis of U.S. statements. The U.S. announcement of increasing a general tariff to 15% was unexpected, prompting the Ecuadorian government to reassess its trade strategies.

The Ecuadorian government reacted promptly to the U.S. Supreme Court's decision, quickly reaching out to the U.S. Trade Representative's Office (USTR) for further information. Jaramillo indicated that while some discussions had suggested a possibility of changes, the extent and speed of these announcements took Ecuador by surprise, highlighting the importance of responsive diplomatic communication in navigating complex trade relations.

As Ecuador prepares to adapt to these new tariffs, the situation underscores the intricacies of international trade and the need for countries to stay agile in response to rapidly changing policies in major economies like the United States. The implications of these tariff changes will likely reverberate through Ecuador's economy, affecting various sectors that rely on trade with the U.S.

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