Javier Díaz estimated that Colombia could suffer an 'exchange rate earthquake' with a possible 22% decline in exports. ^[1] Javier Díaz, president of Analdex, warned that Colombia faces an economic problem that could have consequences comparable to or greater than an earthquake due to its effects on exports, employment, and productive activity. ^[2] Javier Díaz, president of the Colombian National Association of Foreign Trade (Analdex), stated that the White House is willing to grant Colombia a similar trade treatment to that recently given to Ecuador. ^[3] The US is expected to reduce the 12.5% tariff on Colombian exports to zero in the coming days. ^[4] The National Association of Foreign Trade (Analdex) confirmed the definitive closure of four agro-export companies affiliated with the guild. ^[5] Colombian exports grew by 14.2% during the first half of 2026, according to figures presented at the XXXVIII National Exporters Congress. ^[6] Javier Díaz said that for every 100 pesos of devaluation of the exchange rate, Colombia's exports decrease 2% and services exports fall 3.3%. ^[7] If the tariff is removed, more than 1,700 Colombian companies will benefit, especially those in labor-intensive sectors such as floriculture. ^[8] The Colombian government published a regulatory decree for public comment that prohibits the entry of goods produced using forced labor, a measure required by the United States to lift the tariff. ^[9] The new decree defines forced labor according to ILO Convention 29 and applies to all stages of the supply chain, from extraction to manufacturing. ^[10] Analdex set a goal to maintain an annual expansion of approximately 15% over the next four years to reach a target of US$100 billion in exports by the end of the next government term. ^[11] The association recommends combining currency hedging with diversification of products, destinations, and currencies to reduce exposure to adverse movements. ^[12]