Colombian and Ecuadorian Business Leaders Call to Halt Tariff War, Warn of Immediate Economic Impact

TL;DR

Business leaders from Colombia and Ecuador are appealing to their governments to cease the escalating tariff war.
They warn of immediate negative economic consequences for companies, jobs, and consumers in both nations.
The private sector emphasizes the need for dialogue to resolve bilateral differences, suggesting alternative mechanisms like international mediators.
They argue that using international trade as a pressure point can lead to adverse economic effects and is not a suitable arena for resolving such disputes.
Bilateral trade between Colombia and Ecuador exceeds $250 million monthly, underscoring its significance.
Continuing these measures could jeopardize companies' short-term viability and affect workers and their families.
The leaders also noted potential impacts on investors and consumers, including higher costs and reduced access to goods.
They stressed that breaking the integration scheme built over decades would be an "unforgivable setback."

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