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Australia

US Revised Tariffs (%)

10

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.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
34.59
16.69
17.91

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.

Implications

As of Saturday, April 19, 2025, the tariff situation for Australia concerning imports into the United States has the following key aspects: Baseline Tariff: Effective April 5, 2025, the United States imposed a 10% baseline tariff on goods originating from most countries, including Australia. This means that most Australian goods imported into the U.S. are subject to this 10% duty.   Temporary Pause on Reciprocal Tariffs (Except China): While the U.S. announced higher "reciprocal tariffs" for countries with significant trade imbalances, these additional tariffs were temporarily suspended for 90 days for most nations, starting April 9, 2025. Australia is included in this 90-day pause. Therefore, Australia is currently only subject to the 10% baseline tariff. Australia-United States Free Trade Agreement (AUSFTA): It's crucial to remember that the AUSFTA has been in effect since January 1, 2005. This agreement eliminated tariffs on most Australian non-agricultural exports to the U.S. upon its entry into force, with remaining tariffs being phased out over subsequent years.   Current Impact: Despite the AUSFTA, the new 10% baseline tariff now applies to most Australian goods entering the U.S. that were previously duty-free under the FTA.   Exemptions: Some goods are exempt from the new 10% tariff, including those already subject to a 25% tariff under Section 232 of the Trade Expansion Act (like certain steel, aluminum, and automotive products). Other potential exemptions include certain minerals, energy products, and pharmaceuticals, though these are still under consideration.   Australia's Response: The Australian government has expressed its disappointment with the new tariffs, stating they are "not the act of a friend" and have "no basis in logic," especially considering the existing free trade agreement. However, Australia has indicated it will not engage in retaliatory tariffs.   Long-Term Outlook: The situation remains subject to change, especially after the 90-day pause on reciprocal tariffs ends. The Australian government is closely monitoring the situation and working to understand the full impact on Australian exporters.   In summary, as of today, April 19, 2025, most goods originating from Australia and imported into the United States are subject to a 10% tariff due to the recent baseline tariff implementation. The reciprocal tariffs that were announced have been temporarily paused for Australia. The existing AUSFTA, which previously eliminated most tariffs, is now overridden by this new blanket tariff.

US Negotiation Strategy

Based on the most recent data (2024), the top imports to the US from Australia by value are: Meat and edible meat offal ($4.12 Billion) Pearls, precious stones, metals, coins ($2.72 Billion) Pharmaceutical products ($1.38 Billion) Optical, photo, technical, medical apparatus ($1.01 Billion) Machinery, nuclear reactors, boilers ($663.68 Million) Here's a look at which US states have manufacturing in similar sectors, along with example companies: Meat and edible meat offal: Texas: A major cattle-producing state with large meat processing companies like Tyson Foods, JBS USA, and Cargill Meat Solutions. Nebraska: Another significant beef-producing state with companies such as Greater Omaha Packing Co. and Aurora Packing Company. Kansas: Known for its beef production; companies include National Beef Packing Company. Many other states across the Midwest and Great Plains have substantial meat processing industries. Pearls, precious stones, metals, coins: Nevada: Significant gold and silver mining operations. Companies include Nevada Gold Mines (a joint venture between Barrick and Newmont).   Arizona: Copper mining is a major industry. Companies include Freeport-McMoRan.   Utah: Also has mining operations for various metals. Companies include Rio Tinto Kennecott.   Rhode Island: While not mining, it has a historical and ongoing presence in jewelry manufacturing and precious metal processing. Companies include Alex and Ani (though they've faced recent challenges) and numerous smaller jewelry manufacturers in the Providence area.   Pharmaceutical products: Indiana: Has a strong pharmaceutical manufacturing sector. Examples include Eli Lilly and Company, Roche Diagnostics, and Pfizer have facilities in Indiana.   North Carolina: Another significant hub for pharmaceutical manufacturing and research. Companies include GlaxoSmithKline (GSK), Merck, and Novo Nordisk.   Pennsylvania: Has a robust pharmaceutical industry. Companies like Johnson & Johnson and Sanofi have operations in the state.   Other states with significant pharmaceutical manufacturing include New Jersey (Merck, Bristol Myers Squibb), Illinois (AbbVie), and Massachusetts (Biogen, Moderna).   Optical, photo, technical, medical apparatus: Massachusetts: A hub for medical device manufacturing and biotechnology. Companies include Boston Scientific, Medtronic, and Stryker.   California: Strong in medical devices and scientific instruments. Examples include Intuitive Surgical, Thermo Fisher Scientific, and Agilent Technologies.   Minnesota: Known as "Medical Alley" with a high concentration of medical device companies like Medtronic, 3M, and Abbott.   Machinery, nuclear reactors, boilers: Illinois: Known for manufacturing industrial machinery. Companies include Caterpillar, Deere & Company, and CNH Industrial.   Wisconsin: Has a strong manufacturing base in various types of machinery. Examples include Kohler Co. and Manitowoc Company.   Ohio: Has a diverse manufacturing sector, including machinery. Companies like Emerson Electric and Lincoln Electric have a presence.   Michigan: While known for vehicles, it also manufactures industrial machinery components.   It's important to note that while these states have companies manufacturing goods in the same broad categories as the top imports from Australia, the specific types, scales, and specializations might differ. Global supply chains are complex, and even within these categories, there can be significant variations in the products.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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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

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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.

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