Ecuador and Colombia Engage in Trade War Escalation. In a move that is likely to further strain relations between the two South American nations, Ecuador has raised tariffs on several Colombian goods in response to a recent increase imposed by the Colombian government. The tit-for-tat tariff increase comes amid cross-border tension over illicit drugs and the fate of politician Jorge Glas, a former Ecuadorian vice president who is currently serving a prison sentence in the United States for bribery and corruption charges, but whose extradition to Colombia has been long sought by the Colombian government. The escalating trade war has raised concerns about the impact on local economies and the potential for further diplomatic fallout between the two countries.
The tit-for-tat tariff increase comes amid cross-border tension over illicit drugs and fate of politician Jorge Glas.
