Ecuador’s President Noboa has declared a 27% tariff on Mexican imports, reflecting Trump’s proposed trade policies. This move aims to support local manufacturers and may be politically motivated to gain favor with the U.S. Amidst heightened diplomatic tensions with Mexico, Noboa faces elections following his initial term after taking office.
Ecuador’s conservative President Daniel Noboa has announced an increase in tariffs on Mexican imports, implementing a 27% fee aimed at enhancing local manufacturing interests. This decision mirrors the trade policies once proposed by former U.S. President Donald Trump, who recently sought to impose tariffs on Mexican goods but paused the implementation to allow for further negotiations. Noboa’s announcement occurs amidst ongoing tensions between Ecuador and Mexico, following a diplomatic dispute triggered by Ecuador’s police actions last year.
The diplomatic relations between Ecuador and Mexico have been strained, particularly after Ecuadorian authorities forcibly entered the Mexican Embassy to arrest former Vice President Jorge Glas. This incident prompted Mexico to sever diplomatic ties with Ecuador, alleging that Glas was afforded illegitimate political asylum. The current tariff announcement is seen as an attempt by President Noboa to align with U.S. trade strategies while addressing domestic economic priorities.
In summary, President Noboa’s tariff increase on Mexican imports serves not only to promote Ecuadorian manufacturers but also aligns with U.S. trade policies, reflecting a broader geopolitical context. The move comes against the backdrop of strained Ecuador-Mexico relations, and while the bilateral trade impact remains minor, it signifies an important political maneuver by Noboa as he seeks re-election.
Original Source: apnews.com
