Ecuador’s President Daniel Noboa has announced a 27% tariff on Mexican imports, aiming to support local manufacturing, similar to the trade barriers proposed by U.S. President Donald Trump. This decision coincides with Ecuador’s ongoing diplomatic tensions with Mexico regarding a past incident involving former Vice President Jorge Glas.
Ecuador’s President Daniel Noboa has announced an increase in tariffs on Mexican imports, implementing a 27% fee aimed at supporting domestic manufacturers. This decision reflects a similar trade strategy recently considered by U.S. President Donald Trump against Mexico, though Trump has opted to pause such tariffs to allow further negotiations.
This move arises amidst Ecuador’s strained diplomatic relations with Mexico, following an incident last year where Ecuadorian authorities entered the Mexican Embassy in Quito to arrest former Vice President Jorge Glas, resulting in Mexico severing diplomatic ties. The situation highlights the complexities of international trade and diplomacy in Latin America, particularly as Noboa seeks to align with U.S. interests.
In summary, President Noboa’s tariff announcement underscores his intent to bolster local industry while aligning with U.S. policies. However, the minimal trade volume between Ecuador and Mexico suggests limited economic impact. Noboa’s political motivations may partly stem from efforts to secure favor with Washington amid ongoing diplomatic tensions with Mexico.
Original Source: abcnews.go.com
