Stocks Flux
  • Business
  • Politics
  • Latest news
  • World News
  • Business
  • Politics
  • Latest news
  • World News

Stocks Flux

World News

Ecuador announces 27% tariffs on Mexican goods

by admin February 4, 2025
February 4, 2025
Ecuador announces 27% tariffs on Mexican goods

Ecuador will apply a 27% tariff on Mexican goods to “ensure fair treatment” of Ecuadorian producers, President Daniel Noboa said on Monday.

In a post on X, Noboa said he is open to signing a free trade deal with Mexico, but “not when there is abuse,” though did not elaborate. The president said that until a free trade deal is struck, a 27% tariff will apply to goods imported from Mexico.

Ecuador imported $541 million worth of goods from Mexico in 2023, Mexican government data shows. The biggest single import was medication, representing 12.6% of the goods sold from Mexico to Ecuador that year.

Still, Ecuador is a miniscule trading partner for Mexico, accounting for less than 0.1% the value of Mexico’s exports last year, according to Mexican government data.

The announcement comes after US President Donald Trump announced a pause on his threat of 25% tariffs on all imports from Mexico, after a conversation with Mexican President Claudia Sheinbaum.

Last year, the two countries broke off diplomatic relations following Noboa’s order of a raid on the Mexican embassy in Quito, Ecuador to arrest Jorge Glas, a former Ecuadorean vice president.

Surveillance footage from the incident in April 2024 showed Ecuadorian police grappling with the Mexican mission’s top diplomat as they arrested Glas, who had been seeking asylum from Mexico when the raid took place. The ex-vice president had sought protection from embezzlement charges by requesting asylum in Mexico, saying that the accusations were politically motivated.

Noboa, the son of a banana tycoon, swept into office in late 2023 as the youngest president in Ecuador’s history on the back of a promise to rein in the rampant crime. Since then, he has embarked on an uncompromising agenda, including declaring “war” on more than 20 criminal gangs.

This post appeared first on cnn.com

0
FacebookTwitterGoogle +Pinterest
previous post
Teenage girl killed in shark attack while swimming at Australia tourist spot
next post
GM cuts 50% of Cruise staff after ending robotaxi business

You may also like

Israel vows to stop aid boat with Greta...

June 9, 2025

US Defense Secretary Hegseth to attend key meeting...

April 11, 2025

What we know about the Air India plane...

June 13, 2025

Netanyahu’s government votes to dismiss head of Israel’s...

March 21, 2025

Argentina’s president denies new intelligence plan could enable...

June 5, 2025

US teen influencer detained in Antarctica while attempting...

July 3, 2025

Hossein Salami, one of Iran’s most powerful men,...

June 13, 2025

At least 120 children have been abducted by...

June 24, 2025

Netanyahu calls defeating Israel’s enemies the ‘supreme objective,’...

May 1, 2025

This American soldier witnessed the Nazi surrender. 80...

May 8, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (377)
    • Latest news (10)
    • Politics (1,746)
    • World News (1,369)
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Politics

    • ‘President of peace’: Trump tapped for Nobel Prize amid talks to end Russia-Ukraine war

      August 20, 2025
    • Trump’s push for Putin-Zelenskyy talks hinges on Kremlin’s conditions

      August 20, 2025
    • Israel eliminates Gaza terrorist who took part in October attack on kibbutz, took Yarden Bibas hostage

      August 20, 2025
    February 2025
    M T W T F S S
     12
    3456789
    10111213141516
    17181920212223
    2425262728  
        Mar »

    Copyright © 2025 stocksflux.com | All Rights Reserved