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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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Ecuador’s Trade Pivot: Noboa Imposes 27% Tariff on Mexican Imports

Ecuador’s President Daniel Noboa has announced a 27% tariff on Mexican goods, a move aimed at ensuring fair treatment for domestic companies amid ongoing trade imbalances. Speaking on the social platform X, Noboa reiterated his openness to expanding trade and even signing a free trade agreement with Mexico—provided that current abuses are addressed. Until such an agreement is reached, the tariff will remain in effect.

The decision follows heightened diplomatic tensions that arose last year after relations between Ecuador and Mexico soured over a controversial raid on the Mexican embassy in Quito to arrest a former Ecuadorean vice president. The strained relationship has left Mexico’s economy ministry yet to comment on the new measure.

Notably, this announcement comes just days before Ecuador’s first-round general election, in which Noboa is seeking re-election. The tariff is seen as both a protective economic measure and a politically strategic move to appeal to local industries that have long argued for fairer trade practices.


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