Colombia leader offers talks to end trade war with Ecuador

Yahoo Finance
2026.01.28 19:24
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Colombian President Gustavo Petro has proposed talks to Ecuador's President Daniel Noboa to resolve a trade war sparked by tariffs on Colombian imports. Noboa imposed a 30% tariff due to Petro's alleged inaction against drug trafficking. Colombia retaliated with tariffs and halted electricity sales to Ecuador. Despite the tensions, Petro's offer for dialogue aims to de-escalate the situation, while Noboa emphasized the need to combat drug trafficking. The two countries are yet to schedule a bilateral meeting to address these issues.