Federal Reserve Begins Treasury Bill Purchases to Stabilize Reserves and Money Markets 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
Russia, U.S., and Ukraine Plan Abu Dhabi Security Talks as Moscow Stresses Territorial Demands 
U.S. Backs Iraq’s Move to Detain ISIS Fighters, Urges Global Repatriation 
Ecuador Imposes 30% Tariff on Colombian Imports Amid Border Security Tensions 
Trump Says $2,000 Tariff Dividend Possible Without Congress Approval 
Taiwan President Offers Cooperation With Ukraine to Combat Sanctions Evasion 
Supreme Court Signals Doubts Over Trump’s Bid to Fire Fed Governor Lisa Cook 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Trump Administration Launches Immigration Enforcement Operation in Maine Amid Political Tensions 
Japan Government Bond Rout Deepens as Election Spending Fears Shake Markets 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
Trump Signs Executive Order to Limit Wall Street Investment in Single-Family Homes 
Trump Calls for Prosecution of Jack Smith After Congressional Testimony 
U.S. Stock Index Futures Steady as Markets Await Fed Policy Clues in Holiday-Thinned Trade 
Colombia has announced it will suspend electricity sales to Ecuador and impose a 30% tariff on 20 Ecuadorian products, escalating a growing trade and security dispute between the neighboring countries. The move follows Ecuador’s decision to introduce a 30% “security charge” on Colombian goods starting February 1, a measure President Daniel Noboa said was driven by a widening trade deficit and what he described as insufficient cooperation from Colombia in combating drug trafficking.
Colombia is a key electricity exporter to Ecuador, making the suspension particularly sensitive. While Ecuador later clarified that its security charge would not apply to electricity sales and oil logistics services, tensions continued to rise. In response to Colombia’s tariff announcement, Ecuador’s energy minister said Colombian crude transported through Ecuador’s OCP pipeline would receive “reciprocity” similar to electricity, though no specifics were provided.
Trade data highlights the imbalance at the heart of the dispute. Ecuador recorded a $838 million trade deficit with Colombia in the first 10 months of last year, according to its central bank. Meanwhile, Colombia exported $1.67 billion worth of goods to Ecuador in the first 11 months, representing 3.6% of its total exports. Colombia’s main imports from Ecuador include fish, vegetable oil, and auto parts.
Colombia has strongly denied accusations that it is failing to tackle drug trafficking. President Gustavo Petro stated that cooperation with Ecuador’s armed forces remains strong, noting that Colombia seized 200 metric tons of cocaine along the shared border. He also expressed willingness to expand joint efforts against fentanyl trafficking. Colombia’s commerce ministry described the new tariff as “proportional, transitory and revisable,” emphasizing that Bogotá remains open to dialogue.
Colombia’s energy ministry said the electricity suspension was a preventative measure to ensure domestic supply amid climate variability, adding exports could resume once conditions allow. The decision comes as President Noboa, a close ally of U.S. President Donald Trump, intensifies Ecuador’s crackdown on organized crime, deploying over 10,000 soldiers as murder rates surged 30% last year. The dispute also unfolds against broader U.S. pressure on Colombia over drug trafficking, adding another layer of geopolitical complexity.
