top of page

Snowden-Fueled Trade War With Ecuador Could Raise Prices for Americans

Writer's picture: OurStudioOurStudio

Blame Edward Snowden if you soon find yourself paying more for frozen broccoli at the grocery store, or your special someone doesn't bring you roses on your anniversary.

Ecuador President Rafael Correa has been using the National Security Agency leaker's surveillance scandal as a reason to pull out of trade agreements with the United States that, until now, have kept Ecuadorian imports of frozen broccoli, canned artichokes and flowers tariff-free. But as trade agreements expire and political tensions intensify between Ecuador and the United States, the consumer may begin to feel the pinch.

As of midnight this Wednesday, frozen broccoli, canned artichokes and cut flowers from Ecuador will be subject to significant tariffs, as high as 14.9 percent for broccoli and 6.8 percent for certain types of flowers. That's when the Andean Trade Promotion and Drug Eradication Act, a trade agreement the U.S. has with Ecuador, is set to expire along with its waiver of multiple tariffs.

0 views0 comments

Comments


NEWSLETTERS

Get Reason In Your Inbox.

Thanks for submitting!

Join the

LIBERTARIAN PARTY

We are funded entirely by Americans who want to help give liberty a voice. By joining the Libertarian Party as a dues-paying member, you are investing in this critical work.

Thanks for submitting!

ADDRESS

1444 Duke St.

Alexandria, VA 22314-3403

PHONE

(800) ELECT-US

(800) 353-2887

EMAIL

bottom of page