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Ecuador has slapped 50% tariffs on Colombian imports, threatened to cut electricity sales, and hiked pipeline transit fees by 900%. With $2.8 billion in bilateral trade at risk, Colombian products are getting more expensive and de-escalation talks are just beginning.
Barcelona SC opens its Copa Libertadores Group D campaign against Brazilian side Cruzeiro at the Estadio Monumental on Tuesday. BSC enters on a high after a 2-0 win over Liga de Quito, while Cruzeiro is struggling. The match carries significant economic implications for Guayaquil.
Ecuador and Colombia have imposed tit-for-tat tariffs reaching 50% on hundreds of goods, putting approximately $2.8 billion in annual bilateral trade at risk. Colombia has also suspended electricity exports and faces retaliatory pipeline fee increases from Ecuador.
Gasoline and diesel prices in Ecuador are expected to increase approximately 5% when the monthly band adjustment takes effect on April 12. Extra and ecopais gasoline currently at $2.89/gallon and diesel premium at $2.82/gallon are being pushed higher by WTI crude above $100/barrel.
Ecuador's tax authority SRI has implemented new withholding rates effective March 1 under resolution NAC-DGERCGC26-00000009. The 2.75% rate has been eliminated and replaced with a 5% bracket, and the default withholding rate has increased to 3%.
Ecuador and Colombia have imposed 50% tariffs on each other's imports in an escalating trade war that puts $2.8 billion in bilateral trade at risk. Colombia has also suspended electricity exports and raised pipeline fees by 900%.
Colombian President Gustavo Petro accused Ecuador of dropping bombs inside Colombia, claiming 27 charred bodies were found near the border. Ecuador's Noboa flatly denied it. The neighbors are now in their worst diplomatic crisis in years — and it's affecting everything from electricity to trade.
Ecuador hiked tariffs on Colombian imports from 30% to 50% on March 1. Colombia retaliated on 280 Ecuadorian products at the same rate. If you buy medicine, processed food, or pesticides in Ecuador, you're already paying more.
Ecuador's Federation of Exporters (Fedexpor) projects 6-7% export growth for 2026, a significant slowdown from the 18% surge in 2025. Headwinds include US tariff uncertainty, the Colombia trade dispute, and falling cacao prices — but the new US trade deal and flower sector expansion offer upside.
Colombia suspended electricity sales to Ecuador and imposed retaliatory tariffs after Ecuador slapped a 30% 'security tariff' on Colombian goods. With Ecuador's grid 79% dependent on hydroelectric power, the loss of Colombian energy imports raises the specter of the devastating 2024 blackouts.
Coffee grown in Quito's UNESCO-designated Chocó Andino Biosphere Reserve is gaining international recognition and finding growing markets in Europe, adding another dimension to Ecuador's agricultural export story.
Lonely Planet's Best in Travel 2026 features horseback riding among Ecuador's chagra cowboys near Volcán Cotopaxi as one of 25 must-do experiences worldwide. The recognition comes as tourism numbers approach pre-pandemic levels and Cuenca rents climb 20% in central neighborhoods.
