A 100% tax rate was announced last week after Ecuador decided to increase tariffs on Colombian products.
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14/04/2026 02:18, updated 14/04/2026 02:19 The Colombian president, Gustavo Petro, announced that he will revoke the 100% tariffs imposed on Ecuadorian products. “There will be no 100% tariffs, Minister of Commerce, we are not that stupid,” said Petro during a meeting this Monday (13/4). According to him, products necessary to the country will have zero tariff. Petro said that instead of the tariffs, the Colombian government will “implement subsidies and smart tariffs in response to the situation with Ecuador.” The 100% tariffs had been announced last week by the Ministry of Commerce. El Presidente @petrogustavo announced that Colombia will not impose 100% tariffs on Ecuadorian products; everything necessary for the country will have a 0% tariff. Additionally, he shared that everything that can be produced in the country, but is imported from Ecuador, will have its production encouraged… pic.twitter.com/52LFxC5D0N — Presidencia Colombia 🇨🇴 (@infopresidencia) April 14, 2026 The ...