Ecuador’s Tariff on Mexican Imports: Political Maneuver or Economic Strategy?
Ecuador’s President Daniel Noboa has announced a 27% tariff on Mexican imports amid diplomatic tensions. Economists find this perplexing since Ecuador mainly imports medicine from Mexico. Noboa, facing re-election soon, suggests that his bold actions may be an attempt to bolster his leadership image despite the backdrop of violence and economic crises plaguing the country.
On February 3, Ecuadorian President Daniel Noboa announced a 27% tariff on imports from Mexico amid a diplomatic crisis between the two nations. Mexican President Claudia Sheinbaum downplayed the situation, noting Ecuador constitutes only 0.4% of Mexico’s imports. Economists are questioning this tariff, as Ecuador primarily sources medicine from Mexico, and some believe Noboa’s actions may reflect a political strategy inspired by former President Trump, recent tariff implementer against Mexico.
With the upcoming re-election on February 9, Noboa’s presidency has been turbulent. He took office only 15 months ago after former president Guillermo Lasso’s resignation. The campaigning environment has been overshadowed by violence, specifically the assassination of candidate Fernando Villavicencio, coupled with ongoing security and economic crises that have challenged the nation for five years. Noboa insists, “Nothing can be solved in a year,” as he aims for a decisive victory despite his controversial governance.
The tariffs on Mexican imports come at a time when Ecuador is facing significant diplomatic issues and a prolonged security crisis. The recent assassination of a presidential candidate intensifies these tensions. Noboa’s administration is navigating through economic challenges, such as those linked to energy shortages and inflation. Given the context, this tariff is viewed as both a political maneuver and a reflection of a broader strategy to unify national sentiments under a leadership that appears strong amid chaos.
Ecuador’s political landscape is under pressure as President Noboa implements tariffs while preparing for re-election amid growing violence and economic hardship. The response from Mexico and the general public’s perception of Noboa’s approach will likely shape the upcoming election results, making it crucial for the administration to address underlying issues rather than resort to measures that might appear symbolic or politically motivated.
Original Source: www.lemonde.fr
