Ecuador president announces 27% tariff on Mexican goods

[Pelican Press 0]

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Ecuador president announces 27% tariff on ******** goods

QUITO (Reuters) – Ecuador’s President Daniel Noboa announced on Monday that his government will apply a 27% tariff on ******** goods in an effort to promote fair treatment for his country’s companies.

In a post on X, Noboa said he favors more exchange of goods with other countries, including a potential free trade deal with Mexico, “but not when there is abuse.” Until there is such a deal, he added, the 27% duty will apply.

Last year, Ecuador and Mexico broke off diplomatic relations after Noboa ordered a raid on the ******** embassy to arrest a former Ecuadorean vice president.

The South American nation is set to hold a first-round general election this Sunday, in which Noboa is running to remain in office.

Mexico’s economy ministry, which handles trade policy, did not immediately respond to a request for comment.

(Reporting by Alexandra Valencia; Editing by Brendan O’Boyle)

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