Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

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

previous post
Frontrunner for German Chancellor vows stricter immigration policies – but says he won’t work with the far-right
next post
Trump moves to develop sovereign wealth fund to ‘create value for American citizens’

Related Posts

Venezuela accuses US of ‘kidnapping’ toddler who was...

May 1, 2025

Quakers say London police arrested six people at...

March 29, 2025

Pakistani star’s Bollywood return excites fans and riles...

April 8, 2025

Extended heatwave in India, Pakistan to test survivability...

April 15, 2025

Spurned by the US, some migrants are returning...

February 26, 2025

Counter terror police investigate band Kneecap over controversial...

May 2, 2025

Arab countries will give Trump a plan for...

February 28, 2025

Ukraine scrambles to set up ‘drone wall’ as...

May 29, 2025

As egg prices soar, US Customs and Border...

March 1, 2025

Turkey moves closer to endless Erdogan rule as...

March 20, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved