IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.06▲ 0.04% USD/MXN17.44▲ 0.26% USD/CLP937.27▲ 0.18% USD/COP3,204▼ 0.73% USD/PEN3.39▼ 0.29% USD/ARS1,482▼ 0.03% USD/UYU40.14▲ 1.16% USD/PYG6,035▲ 1.38% USD/BOB10.95▲ 3.79% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.36% USD/GTQ7.62▲ 2.31% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.51% BRENT 93.09 ▼ 1.04% WTI 90.64 ▲ 4.39% IRON ORE 161.91 — — COPPER 6.46 ▲ 0.15% GOLD 4,093 ▼ 1.31% SILVER 59.02 ▼ 1.66% SOY 1,244 ▲ 0.87% CORN 488.25 ▲ 5.68% WHEAT 706.25 ▲ 0.07% COFFEE 315.85 ▼ 0.25% SUGAR 14.83 ▲ 0.61% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,311 ▼ 0.32% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 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USD/CNY6.76▼ 0.21% DAX 24,972 ▼ 0.73% CAC 8,338 ▼ 1.19% FTSE 10,690 ▼ 0.25% MIB 51,741 ▼ 1.99% IBEX 19,434 ▼ 0.70% STOXX 642.03 ▼ 0.76% EUR/USD1.14— 0.00% GBP/USD1.34▼ 0.08% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,485 ▲ 0.33% VIX 17.78 ▲ 6.85% USD/CAD1.41▼ 0.03% US10Y 4.6570 ▲ 0.63% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▲ 0.04% USD/MXN 17.44 ▲ 0.26% USD/CLP 937.27 ▲ 0.18% USD/COP 3,204 ▼ 0.73% USD/PEN 3.39 ▼ 0.30% USD/ARS 1,482 ▼ 0.03% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.51% BRENT 93.09 ▼ 1.04% WTI 90.64 ▲ 4.39% IRON ORE 161.91 — — COPPER 6.46 ▲ 0.15% GOLD 4,093 ▼ 1.31% SILVER 59.02 ▼ 1.66% SOY 1,244 ▲ 0.87% CORN 488.25 ▲ 5.68% WHEAT 706.25 ▲ 0.07% COFFEE 315.85 ▼ 0.25% SUGAR 14.83 ▲ 0.61% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,311 ▼ 0.32% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% FEMSA 227.98 ▲ 0.55% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% PETROBRAS ADR 18.89 ▲ 1.89% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,743 ▼ 0.54% ETH 1,928 ▼ 0.26% SOL 77.76 ▼ 0.19% XRP 1.14 ▼ 0.52% BNB 569.72 ▼ 0.18% ADA 0.17 ▲ 0.23% DOGE 0.07 ▼ 0.67% AVAX 6.59 ▼ 0.41% LINK 8.65 ▲ 0.32% DOT 0.82 ▼ 1.58% LTC 46.88 ▼ 0.41% BCH 216.39 ▼ 1.63% TRX 0.33 ▼ 0.35% XLM 0.19 ▼ 1.19% HBAR 0.07 ▲ 1.10% NEAR 1.88 ▲ 0.43% ATOM 1.47 ▼ 0.18% AAVE 97.82 ▲ 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Thursday, July 23, 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)
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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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Latin America Economy 2026 → • Oil and Energy Latin America • Iran War Hormuz Crisis

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