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.
Implications
The European Union's trade relationship with the U.S. is currently defined by a recent trade framework that includes a tariff cap, even as new sector-specific tariffs have been announced by the U.S.
Here is an update on the US Tariffs, Deals, and Agreements for the European Union, including the impact on U.S. companies, as of October 2025:
US Tariffs and Trade Deals - European Union (EU)
Area | Status (October 2025) | Key Details & Cap |
Reciprocal US Tariff Rate | 15% Flat Rate (Implemented) | A 15% flat tariff rate (comprised of the Most Favored Nation (MFN) tariff plus a "reciprocal" tariff) applies to most EU-origin goods. |
US-EU Trade Framework | Agreement in Place (Framework Signed) | The framework guarantees that the U.S. tariff rate on certain key EU products will not exceed 15%. |
Key Exemptions/Caps | Aircraft & Pharma (Capped/MFN Only) | The 15% cap applies to a range of products. Furthermore, the U.S. commits to applying only the MFN tariff (effectively excluding the reciprocal tariff) on: aircraft and aircraft parts, and generic pharmaceuticals and their ingredients. |
New US Sector Tariffs | In Effect / Pending | Wood Products: New Section 232 tariffs (10% on lumber, 25-50% on furniture/cabinets) went into effect in October. Crucially, the combined tariff rate on these products from the EU will not exceed 15% due to the August trade framework. |
EU Countermeasures | New Steel Tariffs Proposed | The EU has proposed new measures to protect its own steel industry from a potential flood of steel diverted from the heavily-tariffs U.S. market. This involves nearly halving its tariff-free quota on steel imports. |
EU Commitments | Energy & Investment | The EU has agreed to procure significant amounts of U.S. LNG, oil, and nuclear energy (estimated value of $750 billion through 2028), and European companies plan to invest an additional $600 billion in the U.S. across strategic sectors. |
Impact on US Companies
While the U.S.-EU framework provides a measure of predictability with the 15% tariff cap, U.S. companies continue to face significant financial headwinds from the broader tariff environment, including tariffs on imports from other major markets and new global tariffs.
The most notable impacts on U.S. companies have been seen in:
Sector | Impact Detail |
Automotive | Tariffs on imported vehicles and parts have hit U.S. profits for foreign-owned automakers (e.g., Hyundai, Toyota) and are expected to impact those importing medium/heavy-duty trucks, a market where European manufacturers are key suppliers. |
Pharmaceuticals | The threat of a 100% tariff on patented drugs has led some major U.S. pharmaceutical companies (e.g., Pfizer) to announce price reductions and new commitments to invest in U.S. manufacturing facilities. Note: The EU's trade deal ensures their pharmaceutical exports are protected by the 15% cap. |
Manufacturing | Companies like Caterpillar and Polaris Inc. have reported hundreds of millions of dollars in increased manufacturing costs and reduced profits due to elevated tariffs on materials (steel, aluminum, copper) and components imported globally. |
Retail / Consumer Goods | Companies like Nike have announced plans to raise prices and reshape their global supply chains to reduce dependence on heavily-tariffed countries, shifting extra costs onto the U.S. consumer. |
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 |