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Ecuador's conservative president announces tariffs on Mexican exports in an echo of Trump policy

  • Ecuador's conservative president announced a 27% tariff on Mexican imports, similar to trade barriers established by U.S. President Donald Trump.
  • President Daniel Noboa stated that the tariff aims to boost local manufacturers until a free trade deal is reached.
  • Noboa attended Trump's inauguration and praised his win as beneficial for Latin America.
  • The Trump administration also plans to impose a 25% tariff on Mexico, which may influence Noboa's decision.
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Portfolio.hu broke the news in on Monday, February 3, 2025.
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