Economy & Markets

The Ministry of Tourism confirmed the request for a meeting with the United States. Peru strengthens efforts to diversify its markets.

The goal of this type of alliance, he noted, is not to replace what is produced in both countries, but rather to leverage the strengths of different sectors.

The pause does not halt Brussels' work on preparing countermeasures in retaliation for indiscriminate tariffs, including those on automobiles and components.

On April 2, the United States imposed a 10% tariff on Ecuadorian imports, as it did on other Latin American countries.

The US president announced this in a post on the social media platform Truth Social. "China will realize that the days of defrauding the US and other countries are no longer sustainable or acceptable," he said.

Foreign Minister Schialer indicated that the U.S. believes there are 11 issues related to intellectual property, healthcare, and government procurement that would impede the entry or equal competition of U.S. interests, assets, and capital.

The United States receives 73% of Ecuador's fresh and processed plantain exports (chips, snacks, and others), which have been subject to a 16% tariff since last Saturday.

The support from member states at a technical meeting in Brussels was approved, with Hungary's sole vote against, according to diplomatic sources.

The agreement is subject to approval by the IMF's Executive Board, which is expected to review it "in the coming days," the statement said.

The US president has downplayed the market decline and given investors mixed signals about whether the tariffs will remain in place long-term, describing them as "permanent" but also boasting that he is pressuring other leaders to ask for negotiations.

The United States and Canada remained in first and second place in the 2025 index, while the United Kingdom rose from fourth to third, Japan climbed from seventh to fourth, and Germany retained its fifth spot.

The Andean country is committed to boosting private investment in the expansion of energy and transportation networks; however, the IDB recommends that this wave extend to other sectors such as education.

The measure by Mark Carney's government will take effect tonight.

The U.S. Trade Representative, Jamieson Greer, has asserted that Trump has been "clear" that there is no room for waivers, understanding that this "Swiss cheese" strategy would undermine the intended reciprocity of the tariffs.

The Association of Automotive Companies of Ecuador (Aeade) says the current situation warrants a review of tariffs in the country, where vehicles imported from the U.S. pay a 40% tariff.

"Moving an automotive plant isn't a simple process. It requires, first, money from the automaker to move the plant from one place to another, and it doesn't take months, it takes years. That's why we've only been told this so far," explained President Claudia Sheinbaum.

An agreement would give Milei's government the tool it seeks to eliminate capital controls that block new investment and return to the global market: a lot of dollars.

Bitcoin's price fell below $75,000 amid a renewed escalation of the trade war between the United States and China.

The banana export sector has not ruled out renegotiating contracts to avoid affecting fruit consumption in the U.S.

This is in response to the 34% tariffs on US imports imposed by the Asian giant.