Petro Overrules His Own Minister, Scraps 100% Ecuador Tariffs
Key Points — President Petro publicly overruled Commerce Minister Morales at a cabinet meeting in Ipiales: “No 100% tariffs — we’re not that stupid” — Essential Ecuadorian imports will enter Colombia at 0%; goods Colombia can produce domestically will face incentives for local substitution — Ecuador’s 100% “security tax” on Colombian goods still takes effect […] The post Petro Overrules His Own Minister, Scraps 100% Ecuador Tariffs appeared first on The Rio Times.
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Key Points — President Petro publicly overruled Commerce Minister Morales at a cabinet meeting in Ipiales: “No 100% tariffs — we’re not that stupid” — Essential Ecuadorian imports will enter Colombia at 0%; goods Colombia can produce domestically will face incentives for local substitution — Ecuador’s 100% “security tax” on Colombian goods still takes effect […]
The post Petro Overrules His Own Minister, Scraps 100% Ecuador Tariffs appeared first on The Rio Times.
