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Chile

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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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
50
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
18.17
16.47
1.7

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 between the United States and Chile is influenced by two key factors: the U.S.-Chile Free Trade Agreement (FTA) and the recent broader tariff actions by the United States. Here's the breakdown: 1. U.S.-Chile Free Trade Agreement (FTA): The FTA between the U.S. and Chile has been in force since January 1, 2004.   As of January 1, 2015, all qualifying products under the FTA are duty-free (zero tariff) for trade between the two countries. To qualify for this duty-free treatment, goods must meet the rules of origin specified in the FTA. These rules determine if a product is considered originating from either the U.S. or Chile.   The FTA also provides favorable access for U.S. service suppliers and protection for U.S. investments and intellectual property in Chile.   2. Recent U.S. Tariff Actions: Baseline Tariff: On April 5, 2025, the United States implemented a 10% baseline tariff on imports from nearly all countries, including Chile. This tariff is in addition to any existing tariffs or preferential treatment under trade agreements like the FTA.   "Reciprocal Tariffs": While the U.S. also announced higher "reciprocal tariffs" on specific countries with trade imbalances, Chile was listed with the baseline rate of 10%. 90-Day Pause: On April 9, 2025, the U.S. announced a 90-day pause on these new reciprocal tariffs for most countries, including Chile. During this pause, the tariff rate for Chile has reverted to the 10% baseline tariff. Therefore, the current tariff situation for goods imported from Chile into the United States is a 10% baseline tariff. Important Considerations: FTA Still in Effect: The U.S.-Chile FTA remains in force, meaning that goods qualifying under its rules of origin should still be eligible for duty-free treatment. Uncertainty: There is some uncertainty regarding how the new 10% baseline tariff will be applied within the framework of the existing FTA. Industry representatives in Chile are seeking clarification on this issue, hoping that the preferential zero-tariff conditions of the FTA will be maintained. Potential Future Changes: The U.S. trade policy landscape is currently volatile, and these tariffs could be subject to further changes after the 90-day pause.   Copper: Notably, copper, a major export from Chile to the U.S., is currently exempt from the 10% tariff.   In summary, while the U.S.-Chile FTA technically allows for duty-free trade for qualifying goods, a new 10% baseline tariff imposed by the U.S. is currently in effect for imports from Chile. The application of this new tariff in relation to the FTA's provisions is still a point of concern and active discussion.

US Negotiation Strategy

Based on the latest data from 2024, the top imports to the United States from Chile by value are: Copper ($6.21 Billion) States with significant copper mining and processing: Arizona: Freeport-McMoRan, Asarco.   Utah: Rio Tinto Kennecott.   New Mexico: Freeport-McMoRan, Bayard Mining Partnership. Montana: Montana Resources. These states have companies involved in mining, smelting, and refining copper, similar to the initial stages of Chilean copper production. Manufacturing of copper products (wires, tubes, sheets) also occurs in these and other industrial states. Fish, crustaceans, molluscs, aquatics invertebrates ($3.16 Billion) States with significant seafood processing: Alaska: Trident Seafoods, Peter Pan Seafoods. Focuses on wild-caught salmon, cod, and other species. Washington: Cooke Aquaculture Pacific (though primarily salmon farming, faces environmental concerns), various smaller processors of wild-caught fish. Massachusetts: Numerous companies involved in processing cod, haddock, lobster, and other Atlantic species (e.g., Legal Sea Foods). Louisiana: Catfish, shrimp, and oyster processing (e.g., Acadiana Fish Company). While these states process seafood, the specific types and the scale of aquaculture (like salmon farming, a significant part of Chilean seafood exports) may differ. Edible fruits, nuts, peel of citrus fruit, melons ($2.51 Billion) States with significant fruit and nut agriculture and processing: California: Largest producer of a wide variety of fruits (grapes, berries, stone fruits), nuts (almonds, walnuts, pistachios), and some melons (e.g., cantaloupe). Companies include Dole Packaged Foods, Wonderful Company.   Washington: Major apple, pear, and cherry producer (e.g., Stemilt Growers).   Oregon: Berries, pears, and hazelnuts (e.g., Oregon Cherry Growers). Florida: Citrus fruits (oranges, grapefruits) (e.g., Tropicana Products, though processing often uses imported concentrate). These states cultivate and process fruits and nuts, although the specific varieties and growing seasons may not perfectly align with Chilean exports (e.g., grapes, berries, avocados are significant from Chile). Wood and articles of wood, wood charcoal ($1.12 Billion) States with significant forestry and wood product manufacturing: Oregon: Weyerhaeuser, Georgia-Pacific. Washington: PotlatchDeltic, Boise Cascade. Georgia: WestRock, International Paper.   Alabama: Canfor Southern Pine, Resolute Forest Products. These states have large forestry industries producing lumber, plywood, paper, and other wood products, similar to Chilean wood exports. Inorganic chemicals, precious metal compound, isotope ($590.79 Million) States with significant chemical manufacturing: Texas: Dow Chemical, ExxonMobil Chemical. Large petrochemical and basic chemical production. Louisiana: Shintech, Westlake Chemical. Strong in industrial chemicals. California: Numerous specialty chemical and technology companies.   New Jersey: A historical hub for pharmaceutical and chemical manufacturing. Production of inorganic chemicals and precious metal compounds occurs in various states, often linked to other industrial processes like mining (for some inorganic chemicals) or electronics (for some precious metal compounds). Isotope production is more specialized (e.g., Oak Ridge National Laboratory in Tennessee has a significant role). It's important to note that while these U.S. states have manufacturing capabilities in the same general categories as Chile's top exports, the specific types, grades, and quantities produced may differ. Additionally, the U.S. often imports these goods to meet domestic demand or for specific qualities not readily available domestically. The presence of companies in these states indicates a capacity for manufacturing similar goods, but it doesn't necessarily mean a complete overlap in production.

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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