Tariff Tensions: Ecuador and Colombia's Trade Dispute
Ecuador is set to increase tariffs on Colombian imports to 50% as part of an escalating trade dispute driven by border security concerns. The move follows earlier tariffs and a series of retaliatory actions by Colombia, which is open to dialogue but also considering further measures.
Ecuador is ramping up tariffs on Colombian imports to 50% from March 1, escalating a trade conflict fueled by concerns over border security.
The disagreement began with Ecuador imposing a 30% tariff, citing trade deficits and issues in combating drug trafficking at the border.
Colombia is considering its response and remains open to dialogue, aiming to protect its exporters amidst rising tensions.
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