Ecuador president announces 27% tariff on Mexican goods

Ecuador's President Daniel Noboa announced on Monday that his government will apply a 27% tariff on Mexican goods in an effort to promote fair treatment for his country's companies. In a post on X, Noboa said he favors more exchange of goods with other countries, including a potential free trade deal with Mexico, "but not when there is abuse." Last year, Ecuador and Mexico broke off diplomatic relations after Noboa ordered a raid on the Mexican embassy to arrest a former Ecuadorean vice president.