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Bolivia

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
5.1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.4
0.5
-0.1

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

Trade.Gov Fact Sheet

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 involving Bolivia is as follows: United States Tariffs on Goods from Bolivia: 10% Tariff: As part of the broader tariff actions initiated by the United States, a 10% tariff has been imposed on goods imported from Bolivia. This came into effect on April 5, 2025. Reciprocal Tariff Calculation: Bolivia was also subject to the calculation for the higher "reciprocal tariffs" based on trade imbalances. Reports indicate that the full reciprocal tariff calculated for Bolivia was 20%. 90-Day Pause: While a 90-day pause was implemented on April 9, 2025, for the higher "reciprocal tariffs" for most countries, it's important to clarify the impact on Bolivia. News sources indicate that Bolivia is still subject to the 10% tariff, and it's not explicitly stated that the higher calculated 20% reciprocal tariff for Bolivia is under the 90-day pause. Impact: The 10% tariff is causing concern among Bolivian producers as it increases the cost of their goods in the U.S. market, potentially reducing their competitiveness. Bolivia's Response: The Bolivian government has strongly condemned the U.S. tariff, warning that such measures could spark a global trade war with severe economic repercussions. They have urged a collective response from the international community.   Bolivia's Trade Agreements: Bolivia is a member of the Andean Community (CAN), which includes Colombia, Ecuador, and Peru. Member countries of CAN receive a 100% exemption on import taxes within the community.   Bolivia is also an associate member of MERCOSUR (Common Market of the South), with full incorporation pending. Associate members benefit from tariff reductions but are not subject to the Common External Tariff.   Bolivia has "complementary agreements" with Chile, Panama, Cuba, and Mexico, which eliminate or reduce tariffs on specific lists of products.   Historically, Bolivia has benefited from the Generalized System of Preferences (GSP) in several developed countries, including the U.S., which allowed duty-free or reduced duty rates for certain exports. However, the U.S. GSP program has expired and is under review for renewal. The U.S. and Bolivia do not currently have a free trade agreement.   U.S.-Bolivia Trade Relationship: In 2024, total U.S. goods trade with Bolivia was estimated at $905.2 million. U.S. goods exports to Bolivia in 2024 were $401.0 million, while U.S. goods imports from Bolivia totaled $504.1 million.   The U.S. goods trade deficit with Bolivia was $103.1 million in 2024.   Key U.S. exports to Bolivia include computers and electronic products, transportation equipment, chemicals, and machinery. Top U.S. imports from Bolivia include primary metals manufactures (mainly tin), agricultural products (like nuts and quinoa), minerals and ores. In summary, as of April 19, 2025, Bolivia faces a 10% tariff on its exports to the United States. While a higher reciprocal tariff of 20% was calculated, it's unclear if this is currently paused under the 90-day reprieve given to most other nations. Bolivia has strongly criticized these tariffs, and the long-term impact on the bilateral trade relationship remains to be seen.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Bolivia by value are: Tin ($264.06 Million) Edible fruits, nuts, peel of citrus fruit, melons ($44.42 Million) Cereals ($36.38 Million) Ores slag and ash ($28.59 Million) Pearls, precious stones, metals, coins ($18.67 Million) Here's a look at which states in the US have manufacturing capabilities in these sectors, along with examples of companies: Tin: While the US does have some tin mining operations, domestic production is limited, and the US relies heavily on imports for its tin needs. States with some historical or current involvement in mining and metal processing include: Alaska: Has various mining operations.   Missouri: Has a history of lead and zinc mining, which can be associated with other metals.   It's less about specific "tin manufacturing" states and more about metal processing facilities that might handle refined tin from various sources. Companies like Element Six (various locations) utilize tin in their manufacturing processes (e.g., soldering). Edible fruits, nuts, peel of citrus fruit, melons: These are agricultural products rather than manufactured goods. The primary states for growing these include: California: Leading producer of fruits, nuts, and melons (e.g., Wonderful Company for almonds, pistachios, citrus; various fruit growers and cooperatives).   Florida: Major producer of citrus fruits and melons (e.g., Florida's Natural Growers, various citrus cooperatives).   Washington: Significant producer of apples, pears, and cherries (e.g., Tree Top Inc., various fruit grower associations).   Georgia: Known for peaches and pecans (various individual growers and cooperatives).   Cereals: These are also agricultural products processed into food items. Key producing states include:   Iowa: Major producer of corn and soybeans. Illinois: Also a significant producer of corn and soybeans.   Kansas: Leading producer of wheat.   Companies involved in cereal processing and manufacturing include Kellogg's (Michigan, Pennsylvania, etc.), General Mills (Minnesota, Iowa, etc.), and PepsiCo/Quaker Oats (various locations). Ores, slag, and ash: These are raw or byproduct materials from mining and industrial processes. States with significant mining industries include: Arizona: Copper mining (e.g., Freeport-McMoRan).   Nevada: Gold and silver mining (e.g., Newmont Corporation, Barrick Gold Corporation). Utah: Copper, gold, and other minerals (e.g., Rio Tinto). Minnesota: Iron ore mining (e.g., Cleveland-Cliffs).   The processing of slag and ash can occur in states with heavy industrial activity and power plants. Pearls, precious stones, metals, coins: Precious stones: The US has limited mining of high-value precious stones. Some gemstones are found in states like Montana (sapphires), North Carolina (emeralds, garnets), and California (tourmaline). Manufacturing involves cutting and polishing, often concentrated in areas with jewelry industries (e.g., New York, Rhode Island, California). Precious metals (excluding tin, covered above): Gold and silver mining occur in Nevada, Alaska, Idaho, and other western states. Refining and processing happen in various locations. Companies like Asahi Refining have facilities in multiple states.   Coins: The United States Mint has facilities in Philadelphia, Pennsylvania, Denver, Colorado, San Francisco, California, and West Point, New York, where coins and precious metal blanks are manufactured.   It's important to note that for raw materials like agricultural products and ores, the "manufacturing" aspect involves processing, refining, or incorporating them into other goods rather than directly replicating the extraction. For finished goods like tin and precious stones, US manufacturing might focus on products made from these imported materials.

Investing in USA

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

Sources : ForbesUSDA 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.

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