BOGOTA, April 13 (Reuters) – Colombia’s newly raised tariff of 100% on goods from Ecuador will not apply across the board, Colombian President Gustavo Petro said in a televised cabinet meeting on Monday.
Petro said that there would be subsidies and “smart tariffs” put into place. Colombia last week raised its tariffs on Ecuadorean goods, mirroring a measure implemented by Ecuador a day earlier, amid a trade and diplomatic spat between the neighboring countries.
(Reporting by Nelson Bocanegra and Carlos Vargas; Editing by Christian Schmollinger)
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