Colombia raises import tariffs on Ecuadorian goods from 30% to 100% amid escalating trade tensions
Colombia's Ministry of Commerce, Industry and Tourism has implemented a significant increase in import tariffs on goods from Ecuador, raising the rate from 30 percent to 100 percent. This development comes in response to Ecuador's announcement of a similar hike, marking an escalation in trade tensions between the two countries, both of which are facing ongoing issues related to drug trafficking and economic stability. The tariff adjustment was confirmed on Friday, following Ecuador's decision to increase its import taxes as part of a broader strategy to address what it perceives as an unfavorable trade balance with Colombia. The Ecuadorian government... [Continue Reading]
360LiveNews | 11 Apr 2026 01:32 LONDON
US Court of International Trade hears case on President Trump's import tariffs following Supreme Court ruling
The scrutiny of former President Donald Trump’s import tariffs has intensified, as a three-judge panel of the US Court of International Trade recently began hearing a critical case aimed at overturning temporary tariffs implemented after a Supreme Court ruling invalidated his previous, more extensive tariffs. This moment marks a significant chapter in the ongoing legal battle over Trump’s controversial trade policies, which have profoundly affected international trade relations and domestic economics. The tariffs in question, set at 10 percent on global imports, went into effect on February 24. A coalition comprising 24 predominantly Democratic-led states and two small businesses is... [Continue Reading]
360LiveNews | 10 Apr 2026 19:33 LONDON
Ecuador to raise tariffs on Colombian imports to 100 percent starting May 1 amid rising tensions over drug trafficking and border security
The government of Ecuador, led by President Daniel Noboa, has announced a significant increase in tariffs on imports from Colombia, raising them to 100 percent starting May 1. This decision represents a dramatic escalation in the ongoing tensions between the two neighboring countries, primarily revolving around issues of drug trafficking and border security. The move was officially confirmed in a statement issued by Ecuador’s Ministry of Production. In the statement, the ministry accused Colombia, under President Gustavo Petro, of not taking adequate measures to combat drug trafficking effectively. "After noting the lack of implementation of concrete and effective measures regarding... [Continue Reading]
360LiveNews | 10 Apr 2026 02:16 LONDON
Trump to Impose 50% Tariff on Countries Supplying Military Weapons to Iran
In a significant escalation of rhetoric, U.S. President Donald Trump has announced he will impose a 50% tariff on any country supplying military weapons to Iran. The announcement comes on the heels of a recently brokered two-week ceasefire between the U.S. and Iran, mediated by Pakistan. Trump declared via social media on Wednesday that "a Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America," stressing there would be "no exclusions or exemptions." The timing of Trump's announcement aligns with ongoing tensions surrounding Iran's nuclear activities and regional... [Continue Reading]
360LiveNews | 08 Apr 2026 14:10 LONDON
