Episode Details

Colombia and Ecuadors trade tensions escalate into a tariff war, with Colombia planning to hike tariffs on Ecuadorian goods from 30% to 50% on 73 categories. Ecuador retaliates with a 50% tariff on Colombian imports, citing poor cooperation in drug trafficking. Ecuadors President criticizes Colombias troop withdrawal, claiming it costs his country $400 million annually in security. The tariffs have raised $13 million and cut violence, amid Ecuadors $1.1 billion trade deficit with Colombia. Ecuadors oil fee hike led to Colombia halting shipments, leaving businesses on edge as committees review the new tariff push.

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