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Stories, tips, and insights from the expat community in Cuenca
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A full-blown trade war between Ecuador and Colombia means 50% tariffs on food and goods in both directions since March 1. Colombian rice, sugar, beans, and packaged foods are all affected — and Cuenca supermarket prices could start creeping up.
Remember that 15% tariff we told you about? The US Supreme Court struck it down. Trump came back with 10% instead, which took effect today. About a third of Ecuador's exports are completely exempt. Here's the updated picture.
The White House raised tariffs on Ecuador from 10% to 15%, hitting shrimp, bananas, tuna, and broccoli exports. Ecuador's production minister is in damage-control mode, and the ripple effects could reach Cuenca's grocery shelves.
On February 13, the US and Ecuador announced they've 'substantially concluded' a new trade agreement. Ecuador is dropping tariffs on American wine, nuts, fruit, and wheat. Here's what might actually change for expats shopping at Supermaxi.