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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
As of January 2026, trade relations between the U.S. and Chile are navigating a complex landscape of new baseline tariffs and specific sector-driven investigations. While the US-Chile Free Trade Agreement (FTA) remains the foundation of the relationship, recent executive actions in early 2025 and 2026 have introduced new layers of duty.
1. Latest US Tariffs Update (2026)
Following a series of executive orders during 2025, the U.S. has shifted from a near-zero tariff environment to a "reciprocal" and "national security" based framework.
General Baseline Tariff: Most Chilean exports now face a 10% General Additional Tariff. This is applied on top of the 0% base rate established by the FTA.
Copper & Minerals (Section 232): In July 2025, a 50% tariff was imposed on semi-finished copper products. However, cathode copper (Chile’s primary export) was largely exempted following bilateral negotiations to protect U.S. manufacturing supply chains.
Agricultural Relief: In late 2025, the U.S. dropped the 10% additional tariff on most global agricultural imports, providing a reprieve for Chilean fruit and wine exporters.
New 2026 Investigations: As of January 2026, the U.S. has launched a Section 232 investigation into Semiconductors, which may indirectly impact Chile’s lithium processing if it is tied to high-tech battery supply chains.
2. Major Companies Impacted
The impact is split between Chilean giants facing higher costs and U.S. firms managing supply chain disruptions.
Company | Sector | Primary Impact |
Codelco | Mining | State-owned; heavily impacted by semi-finished copper tariffs; roughly 1/3 of exports go to the U.S. |
SQM / Albemarle | Lithium | Benefiting from U.S. "Green Energy" demand but facing price volatility and potential "Strategic Mineral" scrutiny. |
Antofagasta PLC | Mining | Increased compliance costs and logistical hurdles due to new Section 232 reporting requirements. |
Concha y Toro | Wine/Agri | Heavily affected by the initial 10% general tariff; now seeing relief as agricultural tariffs were eased. |
Apple / Tesla | Tech/Auto | U.S. companies reliant on Chilean lithium and copper; facing increased "input" costs despite some exemptions. |
3. GDP & Balance of Trade (YTD 2026)
GDP Growth: Chile's GDP is projected to grow between 2.0% and 2.4% in 2026. Growth is currently driven by a rebound in domestic demand and high global copper prices, which offset the "tariff drag."
Impact: Economists estimate that the new U.S. trade posture has shaved approximately 0.3% to 0.5% off potential GDP growth due to investment uncertainty.
Balance of Trade (BOT):
Chile maintains a trade surplus overall (approx. $3.6B in Dec 2025).
With the U.S. specifically: Chile traditionally runs a trade deficit. As of late 2025/early 2026, the U.S. exported roughly $1.18B more to Chile than it imported monthly.
YTD 2026 Trend: Chilean mining exports to the U.S. are surging in value due to high prices, narrowing the bilateral deficit.
4. SWOT Analysis: Chile Trade 2026
Strengths | Weaknesses |
* World-leading reserves of Copper and Lithium. | * High dependence on commodity price cycles. |
* Strong institutional framework and fiscal discipline. | * Heavy export concentration (China and U.S. dominate). |
* Existing FTA with the U.S. provides a "negotiation floor." | * Logistics costs and distance from major northern markets. |
Opportunities | Threats |
* Global green energy transition (EV batteries/wind). | * Escalation of U.S. "Reciprocal" tariff policies. |
* "Near-shoring" trends favoring stable regional partners. | * Stiff competition from Australian and African lithium. |
* Expansion into Green Hydrogen production. | * Potential Supreme Court rulings on U.S. tariff authority. |
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 |