US, Ecuador sign trade deal cutting tariff rates

Quito: The United States and Ecuador have agreed to reduce tariff rates between the two nations, officials said, as countries seek to navigate US Pres...

Quito: The United States and Ecuador have agreed to reduce tariff rates between the two nations, officials said, as countries seek to navigate US President Donald Trump's sweeping tariff campaign.

The agreement was signed on Friday in Washington by US Trade Representative Jamieson Greer and Ecuador's Minister of Production, Foreign Trade and Investment Luis Alberto Jaramillo following 10 months of negotiations.

The two countries had unveiled a framework in November to slash tariffs on a number of goods after Trump imposed a range of global reciprocal tariffs last year.

The United States is Ecuador's leading trade partner. Ecuadoran exports to the United States totaled $6.8 billion in 2025, while imports amounted to $9.1 billion, according to the Central Bank of Ecuador.

Ecuador has pledged to "reduce or eliminate tariffs in key sectors" for the United States, including health products, motor vehicles and some agricultural products, according to the White House.