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Bosnia & Herzegovina

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
35
10
4
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.05
0.18
-0.13

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 today, Saturday, April 19, 2025, here's the latest update on tariffs concerning Bosnia and Herzegovina (BiH): United States Tariffs on Goods from Bosnia and Herzegovina: The United States has imposed a 35% tariff on all goods imported from Bosnia and Herzegovina.   This tariff is part of the "reciprocal tariffs" announced by the Trump administration and went into effect on April 5, 2025. However, on April 9, 2025, the U.S. implemented a 90-day pause on these reciprocal tariffs for most countries, including Bosnia and Herzegovina. During this 90-day pause, which began on April 10, 2025, imports from Bosnia and Herzegovina are subject to the baseline reciprocal tariff rate of 10%. This pause is scheduled to last until July 9, 2025. Bosnia and Herzegovina's Trade Policy: Bosnia and Herzegovina generally has a liberal foreign trade policy with few limitations.   The country is working towards membership in the World Trade Organization (WTO) and aligning its trade practices with EU standards due to its Stabilisation and Association Agreement (SAA) with the EU, which went into effect in 2015 and established a free trade zone.   BiH's import customs rates are generally low, with ad valorem rates of 0%, 5%, 10%, and 15%. BiH is also part of the Central European Free Trade Agreement (CEFTA) and has a free trade agreement with Turkey, as well as preferential regimes with several other countries.   Impact of US Tariffs on Bosnia and Herzegovina: While BiH's overall trade with the U.S. is limited, the newly imposed tariffs, even with the temporary pause, are expected to impact certain sectors, particularly the defense industry, which constitutes a significant portion of BiH's exports to the U.S.   Experts suggest that the tariffs could indirectly affect BiH companies supplying the EU due to potential cost increases and reduced demand. In summary, while the U.S. is currently applying a 10% baseline tariff on goods from Bosnia and Herzegovina due to a 90-day pause, a 35% reciprocal tariff is scheduled to potentially return after July 9, 2025. Bosnia and Herzegovina generally has a liberal trade regime with low import tariffs.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Bosnia & Herzegovina by value are: Arms and ammunition, parts and accessories ($52.77 Million) US States with Potential Manufacturing: This sector is concentrated in several US states with a strong manufacturing base in defense and aerospace. Connecticut: Home to companies like Colt's Manufacturing and Sikorsky Aircraft (a Lockheed Martin company), which produce firearms and aircraft components.   Massachusetts: Features Smith & Wesson and General Dynamics Ordnance and Tactical Systems. Missouri: Has significant defense contractors like Boeing and General Dynamics.   Texas: Home to Lockheed Martin Missiles and Fire Control and other defense-related manufacturers. Alabama: Has a growing aerospace and defense industry, including Boeing and Lockheed Martin facilities.   Machinery, nuclear reactors, boilers ($18.89 Million) US States with Potential Manufacturing: A broad category, with manufacturing occurring in many industrial states. Illinois: Known for manufacturing industrial machinery (e.g., Caterpillar, John Deere).   Ohio: Has a diverse manufacturing sector, including machinery (e.g., Emerson Electric, Lincoln Electric).   Michigan: While known for vehicles, also manufactures industrial machinery (e.g., Flowserve).   Wisconsin: Strong in various types of machinery manufacturing (e.g., Rockwell Automation, Komatsu Mining).   Footwear, gaiters and the like ($15.84 Million) US States with Potential Manufacturing: While much footwear production has moved overseas, some specialized and niche manufacturing remains. Oregon: Headquarters of Nike and Columbia Sportswear, with some domestic manufacturing.   Massachusetts: Home to New Balance with some US-based production.   Maine: Features companies like Rancourt & Co. producing handcrafted leather footwear. Furniture, lighting signs, prefabricated buildings ($13.77 Million)   US States with Potential Manufacturing: Furniture manufacturing is widespread across the US. North Carolina: A traditional hub for furniture production (e.g., Ashley Furniture, La-Z-Boy).   Mississippi: Also has a significant furniture manufacturing industry.   California: Has a substantial furniture manufacturing sector, including custom and high-end producers.   Indiana: Features companies like Kimball International.   Electrical, electronic equipment ($12.74 Million) US States with Potential Manufacturing: This sector is concentrated in states with a strong technology and manufacturing base. California: A major center for electronics manufacturing, particularly semiconductors and computer equipment (e.g., Intel, Apple - though primarily design and some final assembly).   Texas: Has a growing technology and electronics manufacturing sector (e.g., Texas Instruments, Dell).   Massachusetts: Strong in electronics and high-tech manufacturing (e.g., Analog Devices, Raytheon Technologies). Important Considerations: Scale of Production: While the US has companies that manufacture similar types of goods, the scale of domestic production for some categories might not currently meet the demand satisfied by imports from Bosnia & Herzegovina or other countries. Specialization: Manufacturing is often highly specialized. Even within a broad category like "machinery," a specific type of machinery imported from Bosnia & Herzegovina might not be produced in the US or might be made by only a few specialized companies. Supply Chains: US manufacturers often rely on global supply chains for components. Even if final assembly occurs in the US, some parts might originate from overseas. Cost Competitiveness: Labor costs and other factors can influence the competitiveness of US-made goods compared to imports. It's worth noting that while the import values from Bosnia & Herzegovina are relatively small compared to the US's overall import volume, these sectors represent areas where US manufacturing capabilities exist to varying degrees.

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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