Ecuador imposes 27% tariff on Mexican goods to protect local industries

economictimes.indiatimes.com February 4, 2025, 08:00 PM UTC

Ecuador has announced a 27% tariff on Mexican goods, a move aimed at boosting local industries. This decision follows similar tariff actions by U.S. President Donald Trump against several countries, including Mexico. President Daniel Noboa stated that while Ecuador seeks a potential free trade deal with Mexico, it will not proceed in cases of "abuse." The tariff announcement comes shortly after Trump's inauguration and his plans for tariffs on imports. This new tariff adds to the challenges Mexico faces in international trade, particularly as it relies heavily on exports. The situation may lead to further tariff actions from other countries.


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