Trade
Colombia to Hit Ecuador With 50% Tariffs on Hundreds of Items
Trucks queue at the border between Colombia and Ecuador in Ipiales, Colombia.
Photographer: Reicarmyr Canizares/AFP/Getty ImagesColombia’s government is planning reciprocal tariffs of 50% on imports from Ecuador, intensifying an economically-damaging spat between the ideological foes.
Colombia’s trade ministry published a draft decree Monday raising duties on around 300 goods from the current 30% levy. It still needs to be published in the official gazette to take effect.