IBOV 173,714.08 ▼ 0.06% IPSA 10,886.14 ▼ 0.56% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,199,934 ▲ 0.46% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.02% USD/MXN17.47▼ 0.36% USD/CLP931.20▲ 0.67% USD/COP3,251▼ 0.20% USD/PEN3.40▲ 0.16% USD/ARS1,478▼ 0.03% USD/UYU 40.23 — 0.00% USD/PYG6,032— 0.00% USD/BOB10.65▲ 0.95% USD/DOP58.34▲ 0.17% USD/CRC 446.12 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.73 — 0.00% USD/NIO 36.62 — 0.00% USD/VES735.09▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.74— 0.00% EUR/BRL5.84▲ 0.01% BRENT 88.35 ▲ 0.28% WTI 81.56 ▼ 1.13% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.62% GOLD 4,028 ▲ 0.37% SILVER 57.16 ▲ 2.00% SOY 1,219 ▲ 1.20% CORN 474.50 ▲ 6.69% WHEAT 683.00 ▲ 0.04% COFFEE 318.70 ▼ 2.97% SUGAR 14.77 ▼ 0.40% ORANGE JUICE 139.35 ▲ 4.15% COTTON 79.34 ▲ 2.95% COCOA 5,406 ▼ 2.30% BEEF 220.70 ▼ 2.81% CATTLE 339.35 ▼ 2.09% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.71 ▼ 0.44% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,450 ▼ 0.91% COPEC 6,250 ▲ 2.02% BSANTANDER 77.00 ▼ 1.48% FALABELLA 5,835 ▼ 0.31% ENELAM 84.04 ▼ 0.90% CENCOSUD 1,995 ▼ 0.50% CMPC 1,070 ▼ 0.37% BANCO CHILE 188.50 ▼ 0.20% LATAM AIR 24.76 ▼ 2.52% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.41 ▲ 1.18% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.48 ▼ 1.81% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.04 ▼ 1.20% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.48 ▼ 0.75% GAP AIRPORT 220.91 ▼ 1.94% ASUR 279.71 ▼ 0.44% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.27 ▲ 0.50% FEMSA ADR 129.02 ▼ 0.36% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.03 ▼ 0.66% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 64,288 ▼ 0.62% ETH 1,872 ▲ 0.05% SOL 76.33 ▼ 0.03% XRP 1.09 ▼ 0.25% BNB 567.05 ▼ 0.59% ADA 0.16 ▼ 1.80% DOGE 0.07 ▼ 0.15% AVAX 6.55 ▲ 1.46% LINK 8.40 ▲ 0.33% DOT 0.81 ▼ 1.49% LTC 47.02 ▼ 0.05% BCH 212.30 ▼ 1.20% TRX 0.33 ▼ 0.34% XLM 0.19 ▼ 0.65% HBAR 0.07 ▼ 0.64% NEAR 1.93 ▲ 0.91% ATOM 1.48 ▲ 0.14% AAVE 90.20 ▲ 0.97% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.09 ▼ 0.44% JBS 11.91 ▼ 1.00% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07% IBOV 173,714.08 ▼ 0.06% IPSA 10,886.14 ▼ 0.56% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,199,934 ▲ 0.46% COLCAP 2,298.34 ▲ 0.58% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.02% USD/MXN 17.48 ▼ 0.31% USD/CLP 931.20 ▲ 0.67% USD/COP 3,251 ▼ 0.20% USD/PEN 3.40 ▲ 0.16% USD/ARS 1,478 ▼ 0.03% USD/UYU 40.23 — 0.00% USD/PYG 6,032 ▲ 1.38% USD/BOB 10.65 ▲ 0.95% USD/DOP 58.34 ▲ 0.17% USD/CRC 446.12 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.73 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 735.09 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.36% USD/TTD 6.74 ▲ 1.17% EUR/BRL 5.84 ▲ 0.01% BRENT 88.35 ▲ 0.28% WTI 81.56 ▼ 1.13% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.62% GOLD 4,028 ▲ 0.37% SILVER 57.16 ▲ 2.00% SOY 1,219 ▲ 1.20% CORN 474.50 ▲ 6.69% WHEAT 683.00 ▲ 0.04% COFFEE 318.70 ▼ 2.97% SUGAR 14.77 ▼ 0.40% ORANGE JUICE 139.35 ▲ 4.15% COTTON 79.34 ▲ 2.95% COCOA 5,406 ▼ 2.30% BEEF 220.70 ▼ 2.81% CATTLE 339.35 ▼ 2.09% LITHIUM 68.38 ▼ 0.70% PETR4 40.90 ▲ 2.53% VALE3 72.94 ▼ 0.05% ITUB4 41.96 ▼ 1.39% BBDC4 18.29 ▼ 0.65% ABEV3 15.63 ▲ 0.19% BBAS3 20.49 ▼ 1.30% B3SA3 15.20 ▼ 1.23% WEGE3 43.63 ▲ 0.32% PRIO3 57.85 ▲ 1.87% SUZB3 41.93 ▲ 0.55% RENT3 38.23 ▼ 1.62% AZZA3 18.59 ▲ 0.32% CSAN3 3.84 ▼ 1.03% RAIZ4 0.29 — 0.00% PCAR3 2.60 ▲ 0.39% GMAT3 3.88 ▼ 1.02% PSSA3 55.14 ▼ 0.14% CVCB3 1.22 ▼ 9.63% POSI3 3.80 ▼ 2.06% SLCE3 13.53 ▼ 0.59% NATU3 8.55 ▼ 0.12% BRKM5 6.19 ▲ 1.48% RANI3 7.95 ▼ 1.61% CSNA3 5.05 ▼ 0.98% CMIN3 5.33 ▼ 2.20% USIM5 8.23 ▲ 4.18% GGBR4 24.04 ▲ 0.54% ENEV3 25.68 ▼ 1.04% CPFE3 46.87 ▼ 0.68% CMIG4 11.12 ▲ 0.27% EQTL3 39.50 ▼ 0.88% LREN3 13.42 ▼ 1.69% VIVT3 35.52 ▲ 0.14% RAIL3 13.70 ▼ 1.65% KLABIN 17.58 ▲ 1.27% RAIA DROGASIL 18.55 ▲ 0.16% RDOR3 35.78 ▼ 0.25% HAPV3 11.38 ▲ 3.93% FLRY3 16.59 ▲ 1.04% SMTO3 15.45 ▼ 1.72% UGPA3 32.07 ▲ 0.25% VBBR3 34.92 ▲ 1.60% BBSE3 41.12 ▼ 0.15% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.02 — 0.00% VIVARA 22.44 ▼ 3.90% COMPASS 24.88 ▼ 0.12% VAMOS 3.17 ▲ 0.32% SANB11 26.65 ▼ 0.67% ASAI3 8.50 ▼ 0.70% SBSP3 29.22 ▼ 0.27% WALMEX 49.52 ▼ 0.08% GMEXICO 200.05 ▲ 0.41% FEMSA 225.68 ▲ 0.28% CEMEX 22.69 ▼ 0.40% GFNORTE 181.34 ▲ 0.53% BIMBO 58.00 ▲ 0.14% TELEVISA 9.57 ▲ 0.63% AMX 23.00 ▲ 0.97% GAP 386.00 ▼ 1.47% ASUR 279.71 ▼ 0.44% OMA 230.06 ▼ 1.30% KOF 181.10 ▲ 1.20% GRUMA 287.32 ▲ 0.34% KIMBER 38.67 ▼ 0.28% SQM-B 65,450 ▼ 0.91% COPEC 6,250 ▲ 2.02% BSANTANDER 77.00 ▼ 1.48% FALABELLA 5,835 ▼ 0.31% ENELAM 84.04 ▼ 0.90% CENCOSUD 1,995 ▼ 0.50% CMPC 1,070 ▼ 0.37% BANCO CHILE 188.50 ▼ 0.20% LATAM AIR 24.76 ▼ 2.52% YPF 77,900 ▲ 2.40% GGAL 7,860 ▼ 0.06% PAMPA 5,170 ▲ 1.17% TXAR 665.00 ▲ 0.45% ALUAR 949.50 ▲ 1.01% TGS 9,370 ▼ 0.16% CEPU 2,264 ▲ 0.18% MIRGOR 16,875 ▲ 0.75% COME 43.84 ▼ 1.39% LOMA NEGRA 3,535 ▼ 0.63% BYMA 299.00 ▼ 0.83% TELECOM ARG 4,150 ▼ 0.72% ECOPETROL 16.09 ▲ 1.84% BANCOLOMBIA 80.41 ▲ 1.18% GRUPO AVAL 4.92 ▼ 1.01% CREDICORP 390.70 ▲ 0.84% SOUTHERN COPPER 172.48 ▼ 1.81% BUENAVENTURA 30.24 ▲ 0.23% MERCADOLIBRE 1,814 ▼ 2.34% NUBANK 13.59 ▼ 1.45% XP 16.67 ▼ 0.06% PAGSEGURO 9.04 ▼ 1.20% STONE 11.15 ▼ 0.45% GLOBANT 32.23 ▲ 0.09% TECNOGLASS 46.48 ▼ 0.75% GAP AIRPORT 220.91 ▼ 1.94% ASUR 279.71 ▼ 0.44% OMA AIRPORT 105.31 ▼ 1.77% AMX ADR 26.27 ▲ 0.50% FEMSA ADR 129.02 ▼ 0.36% CEMEX ADR 12.98 ▼ 0.92% PETROBRAS ADR 17.97 ▲ 2.86% VALE ADR 14.19 ▼ 0.21% ITAU ADR 8.21 ▼ 1.14% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.03 ▼ 0.66% CSN 0.99 ▼ 0.89% GERDAU 4.73 ▲ 0.11% LATAM ADR 52.56 ▼ 1.17% BTC 64,288 ▼ 0.62% ETH 1,872 ▲ 0.05% SOL 76.33 ▼ 0.03% XRP 1.09 ▼ 0.25% BNB 567.05 ▼ 0.59% ADA 0.16 ▼ 1.80% DOGE 0.07 ▼ 0.15% AVAX 6.55 ▲ 1.46% LINK 8.40 ▲ 0.33% DOT 0.81 ▼ 1.49% LTC 47.02 ▼ 0.05% BCH 212.30 ▼ 1.20% TRX 0.33 ▼ 0.34% XLM 0.19 ▼ 0.65% HBAR 0.07 ▼ 0.64% NEAR 1.93 ▲ 0.91% ATOM 1.48 ▲ 0.14% AAVE 90.20 ▲ 0.97% SELIC 14.25% EMBRAER 81.75 ▼ 0.02% EMBRAER ADR 64.09 ▼ 0.44% JBS 11.91 ▼ 1.00% JBS BDR 60.20 ▼ 2.11% MBRF3 15.03 ▼ 1.70% MBRFY 2.90 ▼ 1.02% INTER 5.37 ▼ 3.07%
since 2009
Monday, July 20, 2026

Latin America Colombia

Colombia Hits Ecuador With 100% Tariffs Back

By · April 13, 2026 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

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)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

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 →

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.