Petro says Colombia will not use blanket Ecuador tariffs
President Petro says Colombia will not apply blanket 100 percent tariffs on Ecuador. He plans to use smart tariffs and subsidies amid the ongoing trade spat.
Xurve View
Xurve View
Colombia President Gustavo Petro has clarified that the recently announced 100% tariff on imports from Ecuador will not be applied as a blanket measure across all goods. Speaking during a televised cabinet meeting on Monday, the president indicated that the administration would instead move toward a more targeted economic strategy to manage the ongoing trade dispute.
Petro said that there would be subsidies and smart tariffs put into place.
