IBOV 171,952 ▼ 1.06% IPSA 10,644 ▼ 1.33% IPC MEX 68,097 ▼ 0.71% MERVAL 3,254,545 ▲ 2.78% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.03 ▼ 0.04% USD/MXN 17.38 ▲ 0.10% USD/CLP 894.56 ▲ 0.54% USD/COP 3,559 ▼ 3.24% USD/PEN 3.41 ▲ 0.40% USD/ARS 1,421 ▲ 0.85% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.15 ▲ 0.16% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.67% USD/JMD 156.42 ▲ 0.82% USD/TTD 6.72 ▲ 1.00% EUR/BRL 5.85 ▼ 0.42% BRENT 97.17 ▲ 5.56% WTI 94.14 ▲ 7.76% IRON ORE 161.91 — — COPPER 6.54 ▲ 2.78% GOLD 4,497 ▼ 1.40% SILVER 74.97 ▼ 0.86% SOY 1,184 ▼ 0.27% CORN 442.00 ▼ 1.06% WHEAT 611.00 ▲ 0.08% COFFEE 260.05 ▼ 2.09% SUGAR 14.53 ▲ 3.34% ORANGE JUICE 150.80 ▼ 5.31% COTTON 76.66 ▲ 0.67% COCOA 3,896 ▼ 0.69% BEEF 240.48 ▼ 3.13% CATTLE 352.38 ▲ 1.13% LITHIUM 85.52 ▼ 1.87% PETR4 42.54 ▲ 3.00% VALE3 80.75 ▼ 2.50% ITUB4 39.29 ▼ 1.83% BBDC4 17.48 ▼ 1.14% ABEV3 16.38 ▲ 0.37% BBAS3 20.15 ▼ 0.45% B3SA3 16.20 ▼ 1.82% WEGE3 43.25 ▼ 1.93% PRIO3 63.77 ▲ 2.44% SUZB3 40.86 ▼ 2.51% RENT3 41.45 ▼ 1.36% AZZA3 19.01 ▼ 1.55% CSAN3 3.85 ▲ 1.32% RAIZ4 0.38 ▲ 5.56% PCAR3 1.71 ▼ 8.06% GMAT3 4.10 ▼ 3.98% PSSA3 47.95 ▼ 0.75% CVCB3 1.58 ▲ 5.33% POSI3 4.05 ▼ 0.49% SLCE3 15.17 ▼ 2.13% NATU3 9.77 ▼ 1.81% BRKM5 10.35 ▼ 1.05% RANI3 7.97 ▼ 0.62% CSNA3 6.21 ▼ 7.45% CMIN3 4.47 ▼ 4.08% USIM5 10.95 ▼ 1.17% GGBR4 22.77 — 0.00% ENEV3 25.05 ▼ 2.26% NEOE3 33.80 — 0.00% CPFE3 43.00 ▼ 0.90% CMIG4 10.76 — 0.00% EQTL3 38.42 ▼ 0.34% LREN3 14.93 ▲ 0.20% VIVT3 33.19 ▼ 1.86% RAIL3 13.96 ▲ 1.75% KLABIN 16.52 ▼ 0.90% RAIA DROGASIL 17.91 ▼ 4.17% RDOR3 33.68 ▼ 1.00% HAPV3 12.21 ▲ 0.49% FLRY3 15.17 ▼ 1.43% SMTO3 17.34 ▲ 2.12% UGPA3 25.63 ▼ 0.93% VBBR3 29.85 ▲ 0.34% BBSE3 35.03 ▼ 1.05% BPAC11 52.50 ▼ 2.33% CURY3 31.38 ▼ 1.10% AERI3 2.27 ▼ 0.87% VIVARA 21.49 ▼ 1.60% COMPASS 26.25 ▼ 1.94% VAMOS 2.95 ▼ 3.59% SANB11 26.98 ▼ 0.66% ASAI3 8.55 ▼ 2.29% SBSP3 27.45 ▼ 1.79% WALMEX 52.03 ▼ 0.71% GMEXICO 214.58 ▼ 0.31% FEMSA 204.88 ▼ 0.85% CEMEX 22.95 ▲ 0.53% GFNORTE 179.48 ▼ 0.72% BIMBO 57.81 ▼ 3.15% TELEVISA 9.19 ▼ 1.29% AMX 21.93 ▼ 0.23% GAP 404.09 ▼ 1.04% ASUR 293.32 ▼ 1.04% OMA 214.43 ▼ 1.65% KOF 185.85 ▼ 0.83% GRUMA 293.69 ▲ 1.01% KIMBER 38.34 ▼ 0.16% SQM-B 74,690 ▼ 1.98% COPEC 6,339 ▲ 0.25% BSANTANDER 69.95 ▼ 0.07% FALABELLA 5,666 ▼ 0.61% ENELAM 78.55 ▲ 0.71% CENCOSUD 2,133 ▲ 1.62% CMPC 1,079 ▲ 1.22% BANCO CHILE 168.50 ▲ 0.50% LATAM AIR 23.12 ▼ 4.07% YPF 82,050 ▲ 4.72% GGAL 7,670 ▲ 2.33% PAMPA 5,250 ▲ 3.35% TXAR 700.00 ▲ 1.08% ALUAR 1,030 ▲ 1.08% TGS 9,460 ▲ 3.56% CEPU 2,418 ▲ 2.63% MIRGOR 17,250 ▲ 1.77% COME 50.50 ▲ 2.31% LOMA NEGRA 3,718 ▲ 3.48% BYMA 301.25 ▲ 1.43% TELECOM ARG 4,375 ▲ 1.10% ECOPETROL 16.09 ▲ 10.10% BANCOLOMBIA 75.43 ▲ 9.97% GRUPO AVAL 5.13 ▲ 11.28% CREDICORP 341.18 ▼ 0.42% SOUTHERN COPPER 194.38 ▲ 1.61% BUENAVENTURA 35.23 ▼ 4.50% MERCADOLIBRE 1,704 ▲ 0.49% NUBANK 13.05 ▼ 0.65% XP 16.66 ▼ 0.09% PAGSEGURO 9.40 ▲ 0.48% STONE 11.58 ▲ 1.14% 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0.70% KOSPI 8,788 ▲ 3.68% JCI 6,127 ▼ 0.05% USD/JPY 159.68 ▲ 0.27% USD/CNY 6.7645 ▼ 0.02% DAX 25,003 ▼ 0.40% CAC 8,147 ▼ 0.45% FTSE 10,339 ▼ 0.68% MIB 49,775 ▼ 0.52% IBEX 18,185 ▼ 0.97% STOXX 621.24 ▼ 0.76% EUR/USD 1.1625 ▼ 0.29% GBP/USD 1.3447 ▼ 0.07% SPX 7,587 ▲ 0.09% DJI 50,830 ▼ 0.40% NDX 30,467 ▲ 0.44% RUT 2,895 ▼ 0.83% TSX 34,656 ▼ 0.33% VIX 16.11 ▲ 5.16% USD/CAD 1.3832 ▲ 0.28% US10Y 4.5050 ▲ 1.17% IBOV 171,952 ▼ 1.06% IPSA 10,644 ▼ 1.33% IPC MEX 68,097 ▼ 0.71% MERVAL 3,254,545 ▲ 2.78% COLCAP 2,176.90 ▼ 0.26% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.03 ▼ 0.04% USD/MXN 17.38 ▲ 0.10% USD/CLP 894.56 ▲ 0.54% USD/COP 3,559 ▼ 3.24% USD/PEN 3.41 ▲ 0.40% USD/ARS 1,421 ▲ 0.85% USD/UYU 40.17 ▲ 0.08% USD/PYG 5,091 ▼ 15.13% USD/BOB 6.85 ▼ 0.15% USD/DOP 58.15 ▲ 0.16% USD/CRC 452.56 ▲ 0.29% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.63 ▼ 0.02% USD/NIO 36.62 — 0.00% USD/VES 553.04 ▼ 0.13% USD/PAB 1.00 ▲ 2.24% USD/BZD 2.00 ▲ 1.67% USD/JMD 156.42 ▲ 0.82% USD/TTD 6.72 ▲ 1.00% EUR/BRL 5.85 ▼ 0.42% BRENT 97.17 ▲ 5.56% WTI 94.14 ▲ 7.76% IRON ORE 161.91 — — COPPER 6.54 ▲ 2.78% GOLD 4,497 ▼ 1.40% SILVER 74.97 ▼ 0.86% SOY 1,184 ▼ 0.27% CORN 442.00 ▼ 1.06% WHEAT 611.00 ▲ 0.08% COFFEE 260.05 ▼ 2.09% SUGAR 14.53 ▲ 3.34% ORANGE JUICE 150.80 ▼ 5.31% COTTON 76.66 ▲ 0.67% COCOA 3,896 ▼ 0.69% BEEF 240.48 ▼ 3.13% CATTLE 352.38 ▲ 1.13% LITHIUM 85.52 ▼ 1.87% PETR4 42.54 ▲ 3.00% VALE3 80.75 ▼ 2.50% ITUB4 39.29 ▼ 1.83% BBDC4 17.48 ▼ 1.14% ABEV3 16.38 ▲ 0.37% BBAS3 20.15 ▼ 0.45% B3SA3 16.20 ▼ 1.82% WEGE3 43.25 ▼ 1.93% PRIO3 63.77 ▲ 2.44% SUZB3 40.86 ▼ 2.51% RENT3 41.45 ▼ 1.36% AZZA3 19.01 ▼ 1.55% CSAN3 3.85 ▲ 1.32% RAIZ4 0.38 ▲ 5.56% PCAR3 1.71 ▼ 8.06% GMAT3 4.10 ▼ 3.98% PSSA3 47.95 ▼ 0.75% CVCB3 1.58 ▲ 5.33% POSI3 4.05 ▼ 0.49% SLCE3 15.17 ▼ 2.13% NATU3 9.77 ▼ 1.81% BRKM5 10.35 ▼ 1.05% RANI3 7.97 ▼ 0.62% CSNA3 6.21 ▼ 7.45% CMIN3 4.47 ▼ 4.08% USIM5 10.95 ▼ 1.17% GGBR4 22.77 — 0.00% ENEV3 25.05 ▼ 2.26% NEOE3 33.80 — 0.00% CPFE3 43.00 ▼ 0.90% CMIG4 10.76 — 0.00% EQTL3 38.42 ▼ 0.34% LREN3 14.93 ▲ 0.20% VIVT3 33.19 ▼ 1.86% RAIL3 13.96 ▲ 1.75% KLABIN 16.52 ▼ 0.90% RAIA DROGASIL 17.91 ▼ 4.17% RDOR3 33.68 ▼ 1.00% HAPV3 12.21 ▲ 0.49% FLRY3 15.17 ▼ 1.43% SMTO3 17.34 ▲ 2.12% UGPA3 25.63 ▼ 0.93% VBBR3 29.85 ▲ 0.34% BBSE3 35.03 ▼ 1.05% BPAC11 52.50 ▼ 2.33% CURY3 31.38 ▼ 1.10% AERI3 2.27 ▼ 0.87% VIVARA 21.49 ▼ 1.60% COMPASS 26.25 ▼ 1.94% VAMOS 2.95 ▼ 3.59% SANB11 26.98 ▼ 0.66% ASAI3 8.55 ▼ 2.29% SBSP3 27.45 ▼ 1.79% WALMEX 52.03 ▼ 0.71% GMEXICO 214.58 ▼ 0.31% FEMSA 204.88 ▼ 0.85% CEMEX 22.95 ▲ 0.53% GFNORTE 179.48 ▼ 0.72% BIMBO 57.81 ▼ 3.15% TELEVISA 9.19 ▼ 1.29% AMX 21.93 ▼ 0.23% GAP 404.09 ▼ 1.04% ASUR 293.32 ▼ 1.04% OMA 214.43 ▼ 1.65% KOF 185.85 ▼ 0.83% GRUMA 293.69 ▲ 1.01% KIMBER 38.34 ▼ 0.16% SQM-B 74,690 ▼ 1.98% COPEC 6,339 ▲ 0.25% BSANTANDER 69.95 ▼ 0.07% FALABELLA 5,666 ▼ 0.61% ENELAM 78.55 ▲ 0.71% CENCOSUD 2,133 ▲ 1.62% CMPC 1,079 ▲ 1.22% BANCO CHILE 168.50 ▲ 0.50% LATAM AIR 23.12 ▼ 4.07% YPF 82,050 ▲ 4.72% GGAL 7,670 ▲ 2.33% PAMPA 5,250 ▲ 3.35% TXAR 700.00 ▲ 1.08% ALUAR 1,030 ▲ 1.08% TGS 9,460 ▲ 3.56% CEPU 2,418 ▲ 2.63% MIRGOR 17,250 ▲ 1.77% COME 50.50 ▲ 2.31% LOMA NEGRA 3,718 ▲ 3.48% BYMA 301.25 ▲ 1.43% TELECOM ARG 4,375 ▲ 1.10% ECOPETROL 16.09 ▲ 10.10% BANCOLOMBIA 75.43 ▲ 9.97% GRUPO AVAL 5.13 ▲ 11.28% CREDICORP 341.18 ▼ 0.42% SOUTHERN COPPER 194.38 ▲ 1.61% BUENAVENTURA 35.23 ▼ 4.50% MERCADOLIBRE 1,704 ▲ 0.49% NUBANK 13.05 ▼ 0.65% XP 16.66 ▼ 0.09% PAGSEGURO 9.40 ▲ 0.48% STONE 11.58 ▲ 1.14% GLOBANT 44.33 ▲ 9.84% TECNOGLASS 43.86 ▲ 1.79% GAP AIRPORT 232.38 ▼ 1.66% ASUR 293.32 ▼ 1.04% OMA AIRPORT 98.73 ▼ 1.58% AMX ADR 25.17 ▼ 0.83% FEMSA ADR 117.67 ▼ 1.14% CEMEX ADR 13.18 ▲ 0.69% PETROBRAS ADR 18.90 ▲ 0.69% VALE ADR 16.02 ▼ 1.42% ITAU ADR 7.77 ▼ 1.46% SANTANDER BR 5.38 ▼ 1.19% AMBEV ADR 3.24 ▲ 0.78% CSN 1.25 ▼ 7.78% GERDAU 4.52 ▲ 0.33% LATAM ADR 51.26 ▼ 4.51% BTC 70,977 ▼ 3.54% ETH 1,968 ▼ 1.81% SOL 79.65 ▼ 3.22% XRP 1.28 ▼ 3.49% BNB 679.92 ▼ 4.05% ADA 0.23 ▼ 3.10% DOGE 0.10 ▼ 1.59% AVAX 8.76 ▼ 2.23% LINK 8.93 ▼ 2.17% DOT 1.13 ▼ 4.58% LTC 50.35 ▼ 3.18% BCH 287.44 ▼ 4.94% TRX 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Monday, June 1, 2026

Latin America Colombia

Colombia Hits Ecuador With 100% Tariffs Back

By · April 13, 2026 · 4 min read

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Key Points

Colombia imposed reciprocal 100% tariffs on Ecuadorian imports on Friday, matching Ecuador’s escalation and making the trade war fully symmetric. Commerce Minister Diana Morales declared: “We have exhausted all diplomatic efforts.”

CAN-mediated negotiations have been formally suspended. Canciller Villavicencio confirmed Colombia is “already requesting entry into Mercosur” as a full member—a move that would reshape South America’s trade architecture if it survives the change of government in August.

Bilateral trade had already collapsed 66.8% at the 30% tariff level. At mutual 100%, the $2.8 billion annual commerce between the two countries has effectively ceased. Both ambassadors have been recalled. No mediation channel remains open.

In January it was a “security tariff.” By April it is mutual economic excommunication. Two Andean neighbors that share a 600-kilometer border, $2.8 billion in annual trade, and a war against the same cartels have chosen to punish each other rather than cooperate.

Colombia’s Ministry of Commerce announced on Friday that it had imposed 100% tariffs on all Ecuadorian imports, matching the duty Ecuador imposed on Colombian goods one day earlier, as reported by ATB Digital, Diario Las Américas, El Colombiano, and CNN en Español. Commerce Minister Diana Morales said the government had “exhausted all diplomatic efforts” before retaliating. The move makes the trade war fully symmetric for the first time: both countries now charge 100% on every product crossing their shared border. At the 30% tariff level imposed in January, Ecuadorian imports from Colombia had already collapsed 66.8%. At bilateral 100%, formal trade between the two countries effectively ceases.

No Mediation, No Diplomats, No Channel

Every formal line of communication between the two governments is now severed or suspended. Ecuador recalled its ambassador from Bogotá on Wednesday after Petro called imprisoned ex-Vice President Jorge Glas a “political prisoner”—a reference to the 2024 military raid on Mexico’s embassy in Quito that triggered an international crisis. Petro ordered his own ambassador home on Thursday and announced the next cabinet meeting would be held “at a point on the border.” CAN-mediated negotiations, which had been underway since March, were formally suspended. Ecuadorian Canciller Gabriela Sommerfeld told reporters the talks would remain frozen “until the appropriate environment is found.” No date was set. No intermediary was proposed.

Colombia Hits Ecuador With 100% Tariffs Back. (Photo Internet reproduction)

The Mercosur Gambit

Canciller Yolanda Villavicencio confirmed on X that Colombia was “already requesting entry into Mercosur” as a full member, upgrading from its current associate status. If completed, the accession would add a 52-million-person market—the fourth-largest economy in South America—to a bloc currently comprising Brazil, Argentina, Paraguay, Uruguay, and Bolivia. It would also reduce the CAN to three members (Ecuador, Peru, Bolivia), potentially rendering the 57-year-old Andean pact irrelevant as a trade instrument. Petro framed the shift as strategic: “The canciller must begin the process with Mercosur as full members and direct us toward the Caribbean and Central America with greater force.”

The question is whether the gambit outlasts Petro. Colombia’s presidential election is in October, and Petro cannot run again. His leftist coalition candidate, Iván Cepeda, is not guaranteed to continue the Mercosur pivot. A center-right successor could reverse course, rejoin CAN negotiations, and restore the Ecuadorian relationship. The Comité Empresarial Ecuatoriano has called on both presidents to pursue “urgent dialogue as the only mechanism for resolution,” and Colombian business leaders have echoed the message. For now, neither government is listening.

Who Benefits, Who Pays

Ecuador’s Noboa claims vindication: he told reporters that since imposing the initial tariffs, violent deaths along the northern frontier have fallen 33%. He framed the 100% tariff as the cost of security in a border region dominated by drug cartels, illegal mining, and human trafficking, arguing Ecuador must spend $400 million per year to secure a frontier Colombia fails to patrol. The trade data tells a more complex story. For the first time in 25 years, the bilateral balance favors Ecuador ($62.9 million in Q1 2026) simply because Ecuadorian imports from Colombia have collapsed faster than the reverse. Colombia sells Ecuador mainly electricity, pharmaceuticals, vehicles, cosmetics, and plastics; Ecuador sells Colombia vegetable oils, tuna, minerals, and metals. Both product baskets are now priced out of each other’s markets. The smuggling networks that originally triggered this crisis—the same cartels that both governments claim to be fighting—remain the primary beneficiaries of every formal trade channel that closes. They operate without tariffs, without ambassadors, and without CAN mediation. They will be the last to feel the pain.

Related Coverage: Ecuador Raises Colombia Tariffs to 100%; Petro Eyes CAN ExitEcuador and Colombia’s Trade War Keeps Getting WorseEcuador Hits Colombia With 30% Security Tariff

Deep Dive

Ecuador Colombia Crisis 2026: Complete Guide

The full timeline: from the 30% security tariff in January to 100% trade war, border bombings, CAN collapse, and what the May 31 election means for both countries.

Read the Complete Guide →

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