AGP Executive Report
Last update: 8 hours agoUS Tariffs on Ecuador: The Trump administration rolled out new Section 301 tariffs on 60 trading partners, effective July 24, replacing an expiring temporary 10% levy. Ecuador is listed in the 10% tier, alongside Canada and others, after the U.S. said all targeted economies failed to “impose and effectively enforce” forced-labor import bans. The U.S. says the measures cover about 99.4% of imports, with exemptions for items like oil, gas, fertilizer and some foods, while trading partners dispute the forced-labor rationale. Canada–Ecuador Free Trade Deal: Canada and Ecuador are set to sign a free trade agreement in Ottawa, with Ecuador expected to remove tariffs on virtually all Canadian imports. Canadian and Ecuadorian civil society groups have criticized the pact, arguing it could worsen Ecuador’s human-rights and environmental situation, while officials say it will boost trade and investment. UN Leadership Race (Ecuador’s Role): Ecuador’s former foreign minister Maria Fernanda Espinosa is among six candidates debating to replace UN chief António Guterres, as the UN faces financial and credibility strain.
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