IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.01 ▲ 0.11% USD/MXN 17.30 ▲ 0.02% USD/CLP 887.50 ▼ 0.50% USD/COP 3,575 ▼ 2.83% USD/PEN 3.40 ▼ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 58.33 ▲ 0.50% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.82 ▼ 0.60% BRENT 97.73 ▲ 1.80% WTI 95.52 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.64 ▼ 0.15% GOLD 4,488 ▼ 0.04% SILVER 74.73 ▼ 0.77% SOY 1,169 ▲ 0.32% CORN 440.00 ▼ 0.11% WHEAT 599.50 ▼ 0.58% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,106 ▲ 0.60% ETH 1,871 ▲ 0.71% SOL 74.75 ▲ 0.82% XRP 1.23 ▲ 1.86% BNB 644.04 ▼ 0.98% ADA 0.21 ▲ 1.01% DOGE 0.09 ▲ 1.23% AVAX 8.27 ▲ 1.25% LINK 8.49 ▲ 1.50% DOT 1.10 ▲ 2.34% LTC 48.00 ▲ 2.33% BCH 253.44 ▼ 5.78% TRX 0.33 ▲ 0.13% XLM 0.22 ▲ 1.17% HBAR 0.09 ▲ 1.30% NEAR 2.83 ▲ 7.90% ATOM 1.86 ▲ 2.36% AAVE 75.22 ▲ 2.35% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,927 ▲ 0.14% USD/ZAR 16.29 ▲ 0.32% USD/NGN 1,362 — 0.00% NIKKEI 68,705 ▲ 2.95% CSI300 4,970 ▲ 1.13% HSI 25,602 ▼ 1.68% NIFTY 23,216 ▼ 1.14% KOSPI 8,801 ▲ 0.15% JCI 5,889 ▼ 4.94% USD/JPY 159.92 ▲ 0.02% USD/CNY 6.7671 ▲ 0.08% DAX 25,124 ▲ 0.48% CAC 8,209 ▲ 0.77% FTSE 10,374 ▲ 0.33% MIB 50,579 ▲ 1.61% IBEX 18,272 ▲ 0.48% STOXX 625.34 ▲ 0.66% EUR/USD 1.1623 ▼ 0.10% GBP/USD 1.3450 ▼ 0.13% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 ▼ 1.74% USD/CAD 1.3848 ▲ 0.09% US10Y 4.4550 ▼ 0.45% IBOV 174,198 ▲ 1.16% IPSA 10,469 ▼ 1.48% IPC MEX 68,890 ▲ 1.11% MERVAL 3,224,264 ▼ 0.57% COLCAP 2,264.61 ▲ 0.44% BVL PERÚ 34,836.62 ▲ 0.71% USD/BRL 5.01 ▲ 0.11% USD/MXN 17.30 ▲ 0.02% USD/CLP 887.50 ▼ 0.50% USD/COP 3,575 ▼ 2.83% USD/PEN 3.40 ▼ 0.06% USD/ARS 1,427 ▼ 0.05% USD/UYU 40.32 ▲ 1.82% USD/PYG 6,094 ▲ 3.19% USD/BOB 6.86 ▲ 1.80% USD/DOP 58.33 ▲ 0.50% USD/CRC 454.82 ▲ 3.36% USD/GTQ 7.62 ▲ 2.20% USD/HNL 26.63 ▲ 0.37% USD/NIO 36.62 ▲ 0.68% USD/VES 557.25 ▲ 0.63% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 156.69 ▲ 0.44% USD/TTD 6.70 ▲ 0.54% EUR/BRL 5.82 ▼ 0.60% BRENT 97.73 ▲ 1.80% WTI 95.52 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.64 ▼ 0.15% GOLD 4,488 ▼ 0.04% SILVER 74.73 ▼ 0.77% SOY 1,169 ▲ 0.32% CORN 440.00 ▼ 0.11% WHEAT 599.50 ▼ 0.58% COFFEE 259.15 ▼ 0.56% SUGAR 14.38 ▼ 0.48% ORANGE JUICE 160.00 ▲ 6.67% COTTON 78.10 ▲ 1.91% COCOA 4,074 ▲ 4.60% BEEF 239.80 ▼ 3.69% CATTLE 348.90 ▼ 0.75% LITHIUM 86.40 ▲ 0.36% PETR4 41.57 ▼ 0.24% VALE3 85.00 ▲ 4.04% ITUB4 39.56 ▲ 0.51% BBDC4 17.75 ▲ 1.54% ABEV3 16.45 ▲ 0.12% BBAS3 19.89 ▼ 0.95% B3SA3 16.28 ▲ 0.18% WEGE3 42.00 ▼ 2.33% PRIO3 61.98 ▼ 1.34% SUZB3 40.43 ▼ 0.54% RENT3 41.83 ▲ 1.19% AZZA3 18.99 ▲ 1.12% CSAN3 3.88 — 0.00% RAIZ4 0.38 ▼ 5.00% PCAR3 1.57 ▼ 2.48% GMAT3 4.21 ▲ 1.69% PSSA3 48.74 ▲ 1.54% CVCB3 1.54 ▼ 0.65% POSI3 4.06 ▼ 0.98% SLCE3 15.29 ▲ 0.53% NATU3 9.86 ▲ 0.20% BRKM5 10.01 ▼ 2.15% RANI3 7.86 ▼ 1.01% CSNA3 7.13 ▲ 8.86% CMIN3 4.78 ▲ 5.29% USIM5 12.04 ▲ 8.57% GGBR4 24.65 ▲ 6.53% ENEV3 25.35 ▲ 1.89% NEOE3 33.80 — 0.00% CPFE3 43.50 ▲ 1.52% CMIG4 11.00 ▲ 1.76% EQTL3 39.07 ▲ 1.67% LREN3 15.52 ▲ 3.33% VIVT3 33.80 ▲ 1.65% RAIL3 14.19 ▲ 1.94% KLABIN 16.91 ▲ 1.62% RAIA DROGASIL 18.10 ▲ 1.34% RDOR3 34.25 ▲ 1.12% HAPV3 12.23 ▲ 0.25% FLRY3 15.33 ▲ 0.13% SMTO3 17.50 ▲ 1.63% UGPA3 25.71 ▲ 1.18% VBBR3 30.13 ▲ 0.74% BBSE3 35.13 ▲ 0.29% BPAC11 53.25 ▲ 0.95% CURY3 31.33 ▲ 0.03% AERI3 2.34 ▼ 2.50% VIVARA 21.40 ▼ 0.70% COMPASS 26.50 ▲ 0.45% VAMOS 2.97 ▼ 1.00% SANB11 27.36 ▲ 0.55% ASAI3 9.05 ▲ 5.23% SBSP3 27.69 ▲ 1.50% WALMEX 51.83 ▼ 0.58% GMEXICO 219.90 ▲ 1.80% FEMSA 207.45 ▲ 1.45% CEMEX 22.67 ▼ 0.70% GFNORTE 182.66 ▲ 1.24% BIMBO 57.99 ▲ 0.80% TELEVISA 9.25 ▼ 0.75% AMX 22.22 ▲ 1.28% GAP 414.92 ▲ 3.52% ASUR 303.03 ▲ 2.14% OMA 222.76 ▲ 2.74% KOF 187.88 ▲ 1.39% GRUMA 293.39 ▲ 1.05% KIMBER 38.30 ▼ 0.93% SQM-B 71,930 ▼ 3.38% COPEC 6,184 ▼ 2.45% BSANTANDER 69.01 ▼ 0.35% FALABELLA 5,565 ▼ 1.42% ENELAM 77.69 ▼ 0.40% CENCOSUD 2,160 ▲ 0.65% CMPC 1,032 ▼ 3.10% BANCO CHILE 166.80 ▲ 0.13% LATAM AIR 22.60 ▼ 2.08% YPF 83,275 ▲ 2.12% GGAL 7,585 ▼ 0.72% PAMPA 5,185 ▼ 1.05% TXAR 694.00 ▲ 0.80% ALUAR 1,000 ▼ 2.91% TGS 9,470 ▲ 0.48% CEPU 2,368 ▼ 1.13% MIRGOR 17,125 ▼ 0.44% COME 49.48 ▼ 1.43% LOMA NEGRA 3,500 ▼ 4.44% BYMA 293.50 ▼ 2.57% TELECOM ARG 4,173 ▼ 3.75% ECOPETROL 15.98 ▼ 1.66% BANCOLOMBIA 73.76 ▲ 0.53% GRUPO AVAL 4.95 ▼ 3.88% CREDICORP 343.93 ▲ 0.99% SOUTHERN COPPER 201.37 ▲ 3.47% BUENAVENTURA 34.79 ▼ 1.02% MERCADOLIBRE 1,673 ▼ 3.36% NUBANK 11.93 ▼ 8.16% XP 16.20 ▼ 2.41% PAGSEGURO 9.22 ▼ 2.23% STONE 11.24 ▼ 3.85% GLOBANT 42.28 ▼ 4.86% TECNOGLASS 43.75 ▲ 0.41% GAP AIRPORT 240.04 ▲ 3.73% ASUR 303.03 ▲ 2.14% OMA AIRPORT 103.51 ▲ 3.22% AMX ADR 25.71 ▲ 2.02% FEMSA ADR 120.14 ▲ 2.05% CEMEX ADR 13.08 ▼ 0.15% PETROBRAS ADR 18.72 ▼ 0.74% VALE ADR 16.82 ▲ 3.19% ITAU ADR 7.86 ▲ 0.90% SANTANDER BR 5.49 ▲ 1.11% AMBEV ADR 3.25 ▲ 0.31% CSN 1.42 ▲ 8.40% GERDAU 4.89 ▲ 7.24% LATAM ADR 50.99 ▼ 2.04% BTC 67,106 ▲ 0.60% ETH 1,871 ▲ 0.71% SOL 74.75 ▲ 0.82% XRP 1.23 ▲ 1.86% BNB 644.04 ▼ 0.98% ADA 0.21 ▲ 1.01% DOGE 0.09 ▲ 1.23% AVAX 8.27 ▲ 1.25% LINK 8.49 ▲ 1.50% DOT 1.10 ▲ 2.34% LTC 48.00 ▲ 2.33% BCH 253.44 ▼ 5.78% TRX 0.33 ▲ 0.13% XLM 0.22 ▲ 1.17% HBAR 0.09 ▲ 1.30% NEAR 2.83 ▲ 7.90% ATOM 1.86 ▲ 2.36% AAVE 75.22 ▲ 2.35% SELIC 14.50% EMBRAER 71.95 ▼ 0.30% EMBRAER ADR 57.27 ▲ 0.54% JBS 12.20 ▲ 0.83% JBS BDR 60.61 ▲ 0.02% MBRF3 15.85 ▲ 0.13% MBRFY 3.24 ▲ 2.86% INTER 6.00 ▼ 2.76% EGX 52,927 ▲ 0.14% USD/ZAR 16.29 ▲ 0.32% USD/NGN 1,362 — 0.00% NIKKEI 68,705 ▲ 2.95% CSI300 4,970 ▲ 1.13% HSI 25,602 ▼ 1.68% NIFTY 23,216 ▼ 1.14% KOSPI 8,801 ▲ 0.15% JCI 5,889 ▼ 4.94% USD/JPY 159.92 ▲ 0.02% USD/CNY 6.7671 ▲ 0.08% DAX 25,124 ▲ 0.48% CAC 8,209 ▲ 0.77% FTSE 10,374 ▲ 0.33% MIB 50,579 ▲ 1.61% IBEX 18,272 ▲ 0.48% STOXX 625.34 ▲ 0.66% EUR/USD 1.1623 ▼ 0.10% GBP/USD 1.3450 ▼ 0.13% SPX 7,610 ▲ 0.13% DJI 51,308 ▲ 0.45% NDX 30,661 ▲ 0.48% RUT 2,932 ▲ 0.90% TSX 35,169 ▲ 1.25% VIX 15.77 ▼ 1.74% USD/CAD 1.3848 ▲ 0.09% US10Y 4.4550 ▼ 0.45%
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Wednesday, June 3, 2026

Latin America Colombia

100% Tariffs: Ecuador-Colombia Trade War Begins May 1

By · May 1, 2026 · 4 min read

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Key Points

Ecuador Colombia tariffs entered force at 100% on May 1, escalated from 30% by Daniel Noboa’s government in retaliation for what Quito calls Colombian-backed guerrilla incursions.

Petro accused Noboa of “Uribe-Noboa alliance to subvert Colombian elections” — the first-round presidential vote takes place May 31.

Plan Candado deploys Colombian armored cavalry and Air Force overflights in Valle del Cauca, while Ecuador extends a curfew across nine border provinces from May 3 to May 18.

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The Ecuador Colombia tariffs that went live this morning at 100% are the sharpest intra-Andean trade rupture in two decades — and they land in the middle of a Colombian election cycle.

The Ecuador Colombia tariffs entered force at 100% on May 1, more than tripling from the previous 30% level. Ecuador’s government framed the move as retaliation for what Quito alleges are guerrilla incursions backed by Bogotá. Colombian President Gustavo Petro responded by accusing Daniel Noboa and former Colombian president Álvaro Uribe of a coordinated “alliance to subvert Colombian elections” — the first-round presidential vote is set for May 31.

The Rio Times, the Latin American financial news outlet, reports that the tariffs cover thousands of Colombian product lines, with the heaviest impact on textiles, food processing, manufacturing parts, and agricultural goods. Bilateral trade between Colombia and Ecuador reached approximately $3.2 billion in 2024, making Colombia Ecuador’s third-largest trading partner. The 100% rate effectively closes the Ecuadorian market to most Colombian exporters who lack the margin to absorb a doubling of landed cost.

How the Ecuador Colombia Tariffs Escalated

The trigger was a series of reported guerrilla movements across the southern Colombia-Ecuador frontier. Noboa’s government claimed dissident FARC factions and ELN cells operating with Colombian-side tolerance had penetrated Carchi, Imbabura, and Sucumbíos provinces. Ecuador called the situation a sovereign violation and announced the tariff escalation along with a 9-province curfew running from May 3 to May 18.

100% Tariffs: Ecuador-Colombia Trade War Begins May 1. (Photo Internet reproduction)

Petro’s response framed the tariffs as electoral interference. He pointed to the timing four weeks before Colombia’s first-round vote and to the alignment between Noboa and the Centro Democrático opposition that Uribe founded, then launched Plan Candado in Valle del Cauca — armored cavalry deployment plus Colombian Air Force overflights — to counter the narrative that Bogotá lacks border control. Both presidents traded accusations through X over the past 72 hours.

Who Loses From the Ecuador Colombia Tariffs

The Andean Community (CAN) — the regional trade bloc that includes Bolivia, Colombia, Ecuador, and Peru — was designed to prevent exactly this kind of unilateral escalation between members. The CAN tariff schedule provides preferential rates between members, and the 100% rate Noboa imposed violates those provisions. Bogotá has signaled it will challenge the move through CAN dispute mechanisms, but the timeline is months not weeks.

For Colombian exporters, the immediate hit is concentrated in roughly 5,000 product lines. Pasto and Ipiales — Colombian cities on the Ecuadorian border — face the sharpest contraction, with truck-based commerce already down 40% since the original 30% tariff went into force in mid-April. Ecuadorian importers face their own price shock; Colombian-sourced food products and consumer goods will become harder to find or substantially more expensive.

Why the Election Timing Matters

Petro cannot run for reelection. His designated successor faces a crowded field led by leftist senator Iván Cepeda and rising right-wing lawyer Abelardo de la Espriella, who explicitly admires Bukele, Milei, and Trump and has built his platform around mano dura against guerrilla violence. Border instability boosts that message.

Petro’s “Uribe-Noboa alliance” framing is therefore strategically rational regardless of whether the alliance actually exists. If voters perceive coordinated foreign pressure backing the Colombian right, the leftist coalition gains a unifying enemy; if they perceive the tariffs as a foreign-policy failure, the right gains. May 31 is when that political market settles.

What the Ecuador Colombia Tariffs Mean for the Region

For markets, the dispute is the most visible test yet of CAN cohesion in the Trump era. Both Noboa and Kast in Chile have aligned with Trump’s continental security architecture established at the March Shield of the Americas summit, while Petro and Lula represent the alternative bloc that gathered in Barcelona alongside Sheinbaum on April 17. The tariffs operationalize the political alignment in trade policy.

For investors tracking Andean energy and trade flows, the dispute introduces a new layer of intra-regional friction at a time when Iran war oil prices are already squeezing the region. Ecuadorian crude exports route partly through Colombian Pacific terminals, and any retaliatory measures from Bogotá could affect that flow. The May 31 election outcome will determine whether the dispute escalates further or de-escalates into managed grievance.

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