Ease of doing business
theboardiQ Tariffs Dashboard:
Powering Mutually Beneficial Global Trade.
Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.
Implications
Here is an updated summary of the latest US tariffs, recent deals, the status for Anguilla, and the impact on companies, as of October 2025.
1. New US Tariffs and Global Trade Measures
The core of the current US trade policy is driven by two main tariff actions, which affect virtually all imports:
Tariff Type | Description | Key Status/Rate (October 2025) |
"Universal Baseline" Tariff | A minimum tariff applied to most imports from all non-sanctioned countries (effective April 2025). | 10% |
Country-Specific Reciprocal Tariffs | Additional tariffs layered on top of the baseline for countries with which the US has the largest trade deficits. | 15% to 41% (varies by country) |
Global Sector Tariffs (Section 232) | Tariffs on specific products, citing national security threats. | Steel & Aluminum: 50% (Globally, with some partner exceptions) |
End of De Minimis | The duty-free exemption for low-value shipments (under $800) has been suspended globally (effective August 29, 2025). | Every import is now subject to duty/tax. |
2. Deals and Agreements Update
The US has been negotiating country-specific agreements to either modify or cap the new tariff rates.
Partner | Agreement Status | Key Outcome on Tariffs |
European Union (EU) | Framework Agreement in Place | The reciprocal tariff is expected to be capped at 15% for many goods, with certain sectors (e.g., autos, pharma) potentially seeing further reductions or zero tariffs pending resolution of separate trade investigations. |
Japan | Strategic Trade and Investment Agreement | The US reciprocal tariff is set at 15%, down from an initially proposed 25%. Japan committed to large purchases of US goods and investment in strategic US sectors. |
United Kingdom (UK) | Preliminary Agreement | The UK is granted a lower tariff on steel and aluminum (25%) compared to the global 50% rate, and a 10% reciprocal tariff on most other goods. |
Canada & Mexico | USMCA Exemption | Goods that meet USMCA origin requirements remain largely tariff-free. Non-compliant goods are subject to US tariffs (e.g., Canada: 35% on most goods). |
China | Truce Ended | Trade conflict has reignited with a 100% additional US tariff threatened for November 1, 2025. Current tariffs are ≈∗∗30%∗∗ (20% "fentanyl" + 10% baseline). |
3. Tariffs for Anguilla
Anguilla, as a non-sanctioned country, is subject to the new worldwide tariff structure.
Anguilla Tariff Status | Details |
Reciprocal Tariff Rate | 10% |
De Minimis Exemption | Suspended. All shipments, regardless of value, are now subject to duties. |
Anguilla is not one of the major trading partners explicitly listed for higher country-specific reciprocal tariff rates (i.e., it is not in the Annex I list that receives the 15%-41% rates), making it subject to the 10% universal baseline tariff.
4. Company and Economic Impact
The new tariffs, particularly the global measures and the end of the de minimis exemption, have had significant economic effects on businesses.
Cost Increases for Importers: Companies importing raw materials (e.g., steel, aluminum, copper—now at 50% tariffs) face higher input costs, which are often passed on to consumers.
Specific Industries Targeted:
Home Goods/Construction: New 25% tariffs (rising in 2026) are taking effect on products like kitchen cabinets and upholstered furniture, impacting retailers like Home Depot and affecting housing construction costs.
Trucking/Logistics: A new 25% tariff on imported medium and heavy-duty trucks is set for November 1, 2025.
Pharmaceuticals: A major 100% tariff has been threatened on patented drugs unless manufacturers build production facilities in the US.
E-commerce and Small Business Impact: The suspension of the de minimis exemption is creating the largest operational shock for small businesses and e-commerce platforms, as even low-value shipments (e.g., $5 sticker) now require full customs clearance, leading to a jump in costs, administrative burden, and complex refund procedures for couriers (like FedEx and UPS) and end-importers.
Financial Impact: Customs duties collected by the US government have surged, but economists and market observers caution that the costs are being primarily borne by US firms and consumers through higher prices for imported and finished goods.
US Revised Tariffs
Country Tariffs
Balance of Trade
Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals
Tariff Rate for US
World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.
US Imports Guide
United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.
Investing in USA
theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters
Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration
theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.
Economic
Relevance
Ranking
State | Info | Overall Rank | Agri | Innov | Mfg | Employ | Tax | Edu | GDP | F500 Rep | Trade Balance | Cost of Living | Disp Income |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Texas | 1 | 4 | 5 | 11 | 10 | 7 | 42 | 2 | 2 | 2 | 24 | 13 | |
North Carolina | 2 | 9 | 21 | 1 | 4 | 12 | 28 | 11 | 16 | 41 | 17 | 17 | |
Virginia | 3 | 32 | 24 | 6 | 2 | 28 | 7 | 13 | 6 | 34 | 35 | 3 | |
Florida | 4 | 21 | 11 | 15 | 1 | 4 | 35 | 4 | 7 | 40 | 30 | 37 | |
Washington | 5 | 16 | 3 | 36 | 28 | 45 | 9 | 9 | 15 | 9 | 43 | 1 | |
Missouri | 6 | 11 | 25 | 22 | 20 | 13 | 32 | 21 | 22 | 20 | 10 | 20 | |
Georgia | 7 | 15 | 26 | 9 | 3 | 26 | 34 | 8 | 9 | 43 | 26 | 19 | |
Minnesota | 8 | 6 | 10 | 47 | 6 | 44 | 8 | 20 | 10 | 33 | 33 | 9 | |
Ohio | 9 | 12 | 32 | 7 | 30 | 35 | 36 | 7 | 5 | 38 | 15 | 11 | |
Illinois | 10 | 5 | 23 | 31 | 23 | 37 | 16 | 5 | 4 | 47 | 32 | 7 |