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Showing posts with label tariffs. Show all posts
Showing posts with label tariffs. Show all posts

Thursday, July 16, 2026

Beijing's perspective on American trade tariffs

 

Trump built walls out of tariffs on ‘Liberation Day’. Has the US been boxed in?

7-MIN READ
South China Morning Post


Xinyi Wuin Beijing


As the United States marks the 250th anniversary of its founding, it confronts a new world order dominated by its relationship with China. In this wide-ranging series, we examine the pressure points and possibilities in those ties, from hard tech to soft power. Here, Xinyi Wu examines how changes to Washington’s trade policy have reverberated through the formerly secure international economic order.

When US President Donald Trump announced sweeping tariffs against virtually all Washington’s major trading partners in April of last year, some observers heard echoes of earlier eras in American history – much earlier.

The Great Depression had just begun when former president Herbert Hoover signed the Smoot-Hawley Tariff Act, targeting more than 20,000 imported goods in June 1930 despite explicit warnings from over 1,000 economists.


The remainder is behind a paywall. See link above.

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Friday, April 10, 2026

Latin America Rising > Ecuador raises Colombia tariffs to 100%, ambassador recalled; Formosa nuclear plant to be revived with funding from American company; Mexico shifts policy on energy development

 

Ecuador hikes tariffs to 100% on Colombia; Petro recalls envoy

   
Colombian President Gustavo Petro ordered the immediate return of his ambassador from Quito after Ecuador decided to raise tariffs on Colombia to 100% on May 1. Photo by Mauricio Duenas Castaneda
Colombian President Gustavo Petro ordered the immediate return of his ambassador from Quito after Ecuador decided to raise tariffs on Colombia to 100% on May 1. Photo by Mauricio Duenas Castaneda

April 10 (UPI) -- Ecuador raised tariffs to 100% on imports from Colombia, and Colombian President Gustavo Petro ordered the immediate return of his ambassador from Quito.

This represents a new escalation of the diplomatic and trade crisis between the two countries, according to an Ecuadorian statement and remarks from both leaders.

Ecuador said it will implement the tariff increase May 1, according to the Ministry of Production, Foreign Trade and Investment. It argued that Colombia has not taken concrete steps to curb drug trafficking and organized crime along the shared border.

"It is not possible to reach agreements with someone who does not have the same commitment to fighting narco-terrorism," Ecuadorian President Daniel Noboa said Thursday night.

Petro described the tariff increase as "a monstrosity" and announced immediate measures.

"Our ambassador to Ecuador must return immediately," he wrote on X, where he also called for a Cabinet meeting at the border between the two countries.

The Colombian president also defended his anti-drug policy.

"The president of Ecuador insults the Colombian government that has seized more cocaine than in the entire history of the world," he said.

Ecuador's decision marks a new critical point in a dispute that has intensified in recent months and is affecting bilateral trade, energy cooperation and diplomatic channels, according to local media reports.

Please continue reading on UPI at:

Negotiations between the two countries 




U.S. firm to invest $230 million-plus in Argentine nuclear fuel plant

Nano Nuclear Energy corporate representatives pose in August with Dioxitek S.A. directors after the signing of a memorandum of understanding intended to lead to completion of the nuclear fuel plant in Argentina. Photo by NANO Nuclear Energy Inc.
Nano Nuclear Energy corporate representatives pose in August with Dioxitek S.A. directors after the signing of a memorandum of understanding intended to lead to completion of the nuclear fuel plant in Argentina. Photo by NANO Nuclear Energy Inc.

BUENOS AIRES, April 10 (UPI) -- U.S.-based Nano Nuclear Energy announced a $230 million-plus plan to restart a nuclear fuel facility owned by Argentina's state-run Dioxitek, with a goal of boosting domestic capacity and opening export opportunities in a tight global market.

The initiative, unveiled this week, focuses on the so-called New Uranium Plant, or NPU, situated in Formosa province in northern Argentina. Construction of the facility has been stalled since 2014. The project dates to the final years of former President Cristina Fernández de Kirchner's administration.

Contacts between Dioxitek and Nano Nuclear Energy began in August with the signing of a memorandum of understanding. That agreement allowed both sides to assess Argentina's nuclear sector and the capabilities of the state-owned company.

Discussions gained momentum during Argentina Week, an investment forum held in March in New York, where Argentine officials promoted opportunities in strategic sectors. There, the company finalized a formal proposal that is being reviewed by the Economy Ministry.

The plan would allow the U.S. firm to participate as a production partner, while Argentina would retain ownership. The arrangement would mark a shift in Argentina's nuclear policy, which has historically been fully controlled by the public sector.

The investment is structured in two phases. The first aims to complete construction and bring the plant online to produce uranium dioxide, a key input for nuclear power generation. The second phase would add a facility to convert that material into uranium hexafluoride, which is required for further processing.

If approved, the project could become the first nuclear initiative under Argentina's Large Investment Incentive Regime, known as RIGI, a framework that offers tax and foreign exchange benefits to attract major investments.

Isidro Baschar, former director and training manager at Nucleoeléctrica Argentina, said the RIGI is a tool promoted by President Javier Milei's administration to draw investment into sectors where the country holds competitive advantages.

"So far, initiatives have focused mainly on oil, gas and mining, so its application to the nuclear sector is a new development," Baschar told UPI.

He said the Dioxitek effort is part of a broader strategy to bring private financing into unfinished projects, such as the Formosa plant. The investment aims to secure domestic uranium dioxide supply and, in a second stage, develop export capabilities linked to the nuclear fuel cycle.

Please continue reading on UPI at:

Beyond the domestic scope




Mexico's Sheinbaum defends energy shift to cut reliance on U.S. gas

“Mexico must guarantee its sovereignty. And a fundamental part of sovereignty is energy sovereignty,” Mexican President Claudia Sheinbaum has reiterated. Photo by Isaac Esquivel/EPA
“Mexico must guarantee its sovereignty. And a fundamental part of sovereignty is energy sovereignty,” Mexican President Claudia Sheinbaum has reiterated. Photo by Isaac Esquivel/EPA

April 9 (UPI) -- Mexican President Claudia Sheinbaum signaled a major shift in the country's energy policy aimed at reducing its dependence on natural gas imports from the United States, including a possible reopening of hydraulic fracturing under stricter controls.

"Mexico must guarantee its sovereignty. And a fundamental part of sovereignty is energy sovereignty," Sheinbaum said Thursday during a press conference.

The president said her administration is exploring new domestic production pathways, including using fracking, a technique she previously opposed due to environmental concerns.

Sheinbaum described the move as a "responsible decision" to be carried out under "strict scientific oversight" with the support of a specialized committee.

The proposal centers on creating a technical and scientific panel of experts from the National Autonomous University of Mexico and the National Polytechnic Institute.

The group will have two months to develop a protocol for extracting unconventional reserves, while minimizing environmental impact and prioritizing using treated or non-potable water.

The initiative marks a departure from the policy of former President Andrés Manuel López Obrador, who maintained a strict ban on fracking on environmental grounds.

Mexico currently imports about 75% of the natural gas it consumes, mostly from Texas, exposing the country to price volatility and geopolitical risks that could affect the National Electric System.

"We cannot achieve energy sovereignty if we depend on a valve that can be shut outside our borders," Sheinbaum said.

Please continue reading on UPI at:

Government projections estimate gas demand could rise by about 30% 

Saturday, January 31, 2026

Latin America Rising > US unfreezes some Venezuelan assets; Ecuador raises tariff on Colombian oil by 900%

 

US unblocks Venezuelan assets

– interim president


Washington is reportedly sitting on $30 billion worth of the South American nation’s property
US unblocks Venezuelan assets – interim president











The US has unfrozen some of Venezuela’s impounded assets, acting President Delcy Rodriguez has announced. Rodriguez said the money will be spent on hospital equipment and power infrastructure.

Speaking on national television on Tuesday, Rodriguez said she had spoken to US President Donald Trump and Secretary of State Marco Rubio with “respect and courtesy,” and that the unblocked funds would be used to purchase hospital equipment from the US “and other countries.”

“We are unblocking Venezuelan resources that belong to the Venezuelan people… and this will allow us to invest significant resources in equipment for hospitals,” she said. Rodriguez added that Venezuela will also purchase “equipment for the electricity sector and equipment for the gas industry” with the funds.

Rodriguez did not say what amount of assets would be released. President Nicolas Maduro claimed in 2022 that around $30 billion worth of Venezuelan assets were frozen abroad. These include oil impounded by the US and around $2 billion worth of gold frozen in the UK.

Maduro was abducted by US forces earlier this month and charged with narcoterrorism, cocaine trafficking, and firearms offenses. Rodriguez has denounced the kidnapping of Maduro, but has attempted to placate Washington – namely by allowing US companies to run the South American nation’s oil industry.

Venezuela’s oil industry was nationalized in 1976, with American contractors slapped with further restrictions by Maduro’s predecessor, Hugo Chavez, in 2007. Trump has repeatedly claimed that these moves amounted to Venezuela “stealing” oil infrastructure built by US firms.

Trump has warned that if Rodriguez “doesn’t do what’s right, she is going to pay a very big price, probably bigger than Maduro.” The US president spoke with Rodriguez by phone last week, and announced plans to invite her to the White House.

What's right? Probably spending the majority of unfrozen assets in the USA. 

Rodriguez insisted on Sunday that she had enough of “Washington's orders,” and that Venezuelans alone would “resolve our differences and our internal conflicts.” Asked on Tuesday about Rodriguez’ comments, Trump replied: “I haven't heard that at all. We have a very good relationship.”



Ecuador hikes Colombian crude transport tariff by 900%

Colombia's Minister of Trade, Industry and Tourism Diana Morales said at a press conference that her government is reviewing which additional Ecuadorian products will be subject to the new tariffs. Photo by Carlos Ortega/EPA
Colombia's Minister of Trade, Industry and Tourism Diana Morales said at a press conference that her government is reviewing which additional Ecuadorian products will be subject to the new tariffs. Photo by Carlos Ortega/EPA

Jan. 28 (UPI) -- Ecuador confirmed a retaliatory 900% increase in the tariff it charges to transport Colombian crude oil through its petroleum infrastructure, raising the cost to $30 per barrel from $3 -- a move that has deepened bilateral tensions in the energy and trade spheres.

The measure was confirmed Monday by Ecuador's Minister of Environment and Energy Ines Manzano, who said the new rate applies to Colombian crude that moves through the Transecuadorian Oil Pipeline System, known by its Spanish acronym SOTE, which is owned by Ecuador. She said the increase took effect Friday.

"The tariff rose from $3 to $30 in reciprocity for Colombia's decision to suspend the sale of electricity," Manzano said in an interview with local radio station Sucesos.

The dispute between the two countries began after President Daniel Noboa's government announced it would impose a 30% tariff on Colombian products. Ecuador justified the move by arguing that Colombia has not done enough to combat drug trafficking along the shared border and framed it as a trade protection measure.

Bogota responded with retaliatory steps, including the suspension of electricity supplies to Ecuador, which relies on imports to cover part of its power demand.

The SOTE is one of Ecuador's two main oil pipelines and is operated by state-owned Petroecuador. The system transports crude from southern Colombia to the Ecuadorian port of Esmeraldas, on the Pacific Coast, for export to international markets, according to Colombia's La Republica newspaper.

"Ecuador is providing a service of high strategic value to Ecopetrol," Manzano said.

"This is an area where illicit activities occur and where numerous attacks have been recorded, so transporting the crude through our territory has allowed it to reach international markets," she added.

According to figures cited by Ecuadorian outlet Primicias, about 10,300 barrels per day of Colombian oil were transported through the SOTE in November, including from Ecopetrol and private companies.

Ecuador also operates the Heavy Crude Oil Pipeline, known as OCP, which transports oil for private companies. Because it operates under separate commercial contracts, its tariff was not modified.

Colombia relies on Ecuadorian infrastructure, which provides one of the fastest and safest routes to export oil from fields in the country's south. Using Ecuador's pipelines reduces transit times, overland transport costs and risks associated with longer domestic routes.

For more than a decade, Ecuador has been a key logistics partner for Colombia's oil industry, providing direct access to international markets through the Pacific.

In response to Ecuador's decision to raise the tariff on crude oil transportation, the Colombian government decided Tuesday to impose a 30% tariff on a range of products from Ecuador that were not included in the first round of measures, according to Caracol Radio.

Minister of Trade, Industry and Tourism Diana Morales said at a press conference that the government is reviewing which additional Ecuadorian products will be subject to the new tariffs.

Morales added that Colombia, "as a state," has been compelled to "create conditions of balance in the trade relationship with Ecuador."

"Today, we are considering another decree that will include other types of products from Ecuador, also with the imposition of 30% tariffs, so that we can seek that trade balance," she said.

According to the report, the Colombian government is seeking a solution to the dispute through dialogue and was promoting a meeting between Colombian President Gustavo Petro and Ecuador's Noboa at the CAF forum Wednesday in Panama.

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