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The President of Ecuador, Daniel Noboa announced this Monday on his social media the implementation of a 27% tariff on imports from Mexico.
In his X profile, the president noted that the measure would remain in effect until both nations are able to sign a Free Trade Agreement.
"As we have demonstrated these days, the New Ecuador has always been open to trade integration, but not when there is abuse," emphasized the president.
Additionally, he emphasized that Ecuador's position is to "sign a Free Trade Agreement with Mexico," although he added that "until that happens and becomes a reality, we will apply a 27% tariff on the products we import."
Regarding the measure, he emphasized that its "objective is to promote our industry and ensure fair treatment for our producers."
In April 2024, Mexico announced the suspension of its diplomatic relations with Ecuador after agents of the Ecuadorian police stormed the Mexican Embassy in Quito in an attempt to arrest former Vice President Jorge Glas, who had been seeking refuge there since December of the previous year.
Andrés Manuel López Obrador, who was the president of Mexico at that time, described the assault as "a flagrant violation of international law and Mexican sovereignty."
López Obrador instructed the Mexican Foreign Minister, Alicia Bárcena, to issue an official statement regarding the incident and to declare the suspension of diplomatic relations with the Government of Ecuador.
Former United States President, Donald Trump, had also announced the imposition of a tariff on Mexican products starting in February.
However, this Monday, in response to the migration pressure and threats of trade sanctions, the government of Mexico has deployed 10,000 military personnel to its border with the United States.
This decision follows a conversation between President Claudia Sheinbaum and the President of the United States, Donald Trump, who announced a one-month suspension of new tariffs on Mexican products.
From the social network Truth Social, Trump reported on the agreement reached with Sheinbaum and described the conversation as "very friendly."
According to the leader, the president of Mexico agreed to immediately deploy 10,000 soldiers to the border with the United States, who will be specifically assigned to "stop the flow of fentanyl and illegal immigrants" into the North American country.
Frequently Asked Questions about Ecuador's 27% Tariff on Mexico
Why did Ecuador impose a 27% tariff on imports from Mexico?
Ecuador has imposed a 27% tariff on imports from Mexico as a temporary measure until both countries can sign a Free Trade Agreement. The measure aims to promote the Ecuadorian industry and ensure fair treatment for its producers.
What led to the suspension of diplomatic relations between Mexico and Ecuador in 2024?
The suspension of diplomatic relations between Mexico and Ecuador in 2024 was the result of an incident in which Ecuadorian police stormed the Mexican Embassy in Quito to arrest former Vice President Jorge Glas, who was seeking refuge there. Mexico deemed the act a violation of its sovereignty and international law.
How has Mexico responded to the recent tariffs imposed by the United States?
Mexico has deployed 10,000 soldiers to its northern border as part of an agreement with the United States to curb the flow of fentanyl and illegal immigrants. In response, the United States temporarily suspended new tariffs on Mexican products.
What impact could Trump's tariffs have on the global economy?
The tariffs imposed by Trump on Mexico, Canada, and China could increase the prices of basic goods and impact global inflation. It is estimated that these measures could lead to a decrease in GDP in several countries and affect established trade relations.
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