Ecuador Imposes 27% Tariff on Mexican Goods Amid Diplomatic Rift
President Daniel Noboa's tariff decision follows strained relations with Mexico and echoes U.S. trade policies under President Trump.
- Ecuadorian President Daniel Noboa announced a 27% tariff on Mexican imports to ensure 'fair treatment' for Ecuadorian producers.
- The tariff comes after Mexico severed diplomatic ties with Ecuador in 2024 following a controversial raid on its embassy in Quito.
- Noboa cited trade imbalances and the lack of a free trade agreement with Mexico as reasons for the tariff, while also expressing openness to future negotiations.
- Mexico's President Claudia Sheinbaum downplayed the economic impact, noting that Ecuador accounts for only 0.4% of Mexico's exports.
- The announcement aligns with Noboa's re-election campaign and mirrors hardline trade policies associated with U.S. President Donald Trump.