Tariff Tensions: Ecuador and Colombia's Trade Dispute

Ecuador is set to increase tariffs on Colombian imports to 50% as part of an escalating trade dispute driven by border security concerns. The move follows earlier tariffs and a series of retaliatory actions by Colombia, which is open to dialogue but also considering further measures.

Ecuador is ramping up tariffs on Colombian imports to 50% from March 1, escalating a trade conflict fueled by concerns over border security.

The disagreement began with Ecuador imposing a 30% tariff, citing trade deficits and issues in combating drug trafficking at the border.

Colombia is considering its response and remains open to dialogue, aiming to protect its exporters amidst rising tensions.

(With inputs from agencies.)