Key Facts

—The plan. Colombia’s trade ministry has drafted a decree raising tariffs on more than a hundred imported products.

—The size. Affected goods would face an extra ten or twenty points on the duty they already pay.

—The target. It hits imports from countries without a trade deal with Colombia, across steel, plastics and household goods.

—The label. The government calls them “smart tariffs,” tuned sector by sector to protect local industry.