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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.
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.