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LATAM: Sheinbaum Unfazed Following Ecuador Tariff Announcement

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  • Ecuador's President announced on Monday that his government will apply a 27% tariff on all Mexican goods in an effort to promote fair treatment for his country's companies. The announcement comes amid the South American country's separate diplomatic dispute with Mexico, in which ties were cut last year.
  • Touted by some analysts as attempting to seek favour with Washington, it is worth recalling that President Noboa took time away from a re-election campaign to attend Trump’s inauguration last month, and has hailed Trump’s win as a victory for Latin America.
  • Mexico’s President, Claudia Sheinbaum, has downplayed Ecuador’s move, noting that her country's trade with Ecuador represents a tiny share of exports, likely representing just 0.4% of Mexico's overall shipments to foreign markets.
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  • Ecuador's President announced on Monday that his government will apply a 27% tariff on all Mexican goods in an effort to promote fair treatment for his country's companies. The announcement comes amid the South American country's separate diplomatic dispute with Mexico, in which ties were cut last year.
  • Touted by some analysts as attempting to seek favour with Washington, it is worth recalling that President Noboa took time away from a re-election campaign to attend Trump’s inauguration last month, and has hailed Trump’s win as a victory for Latin America.
  • Mexico’s President, Claudia Sheinbaum, has downplayed Ecuador’s move, noting that her country's trade with Ecuador represents a tiny share of exports, likely representing just 0.4% of Mexico's overall shipments to foreign markets.