Ministry of Commerce Evaluates Increasing Tariff to 50% for Ecuadorian Products as a Response to That Country's Measure

TL;DR

Colombia is studying a tariff increase to 50% on Ecuadorian goods, a reciprocal response to Ecuador's previous tariff hike.
The Colombian Ministry of Commerce stated that the measure would be focused, unlike Ecuador's generalized approach.
This trade conflict raises concerns among industry groups and analysts about the viability of bilateral trade.
Deteriorating diplomatic dialogue, including Ecuador's unilateral rupture of talks, has further strained the situation.
Colombia has indicated that it will not rule out more severe measures if trade equilibrium is not restored.

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