Ecuador announces 27% tariffs on Mexican goods – WTHITV.com
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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.