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flag Ecuador imposes 27% tariff on Mexican goods, citing unfair trade practices and diplomatic tensions.

flag Ecuador's President Daniel Noboa announced a 27% tariff on Mexican goods to protect local producers, citing unfair trade practices. flag This move follows a diplomatic rift after Ecuador raided Mexico's embassy to arrest a former vice president. flag Trade between the nations is minor, with Ecuador importing $541 million in goods from Mexico in 2023. flag The tariff aims to correct what Noboa sees as asymmetric trade, potentially boosting local industries but risking retaliation and higher consumer prices.

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