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 global tariff environment is volatile due to the new system of "reciprocal tariffs" and sector-specific duties imposed since early 2025.
US Tariffs & Deals Update (October 2025)
Area | Status (October 2025) | Key Details |
Global Reciprocal Tariff | 10% (Implemented) | A universal 10% tariff applies to most goods from countries not covered by a separate agreement or sanctioned, implemented in April 2025 under the International Emergency Economic Powers Act (IEEPA). |
Major Trade Deals | Preliminary Agreements Reached | The US has reached preliminary tariff agreements with several partners, including the European Union, Japan, South Korea, the United Kingdom, and some Southeast Asian nations. These deals generally cap US tariffs on their goods (e.g., EU at 15%) in exchange for commitments like investment and reduced trade barriers. |
Sector-Specific Tariffs | Steeply Increased | New high tariffs have been imposed on imports like steel, aluminum, copper, and are being investigated for sectors like semiconductors, pharmaceuticals, and heavy-duty trucks. |
Georgia (Country) | Under General Tariff Rate | Georgia (the country) does not currently have a new, formal free trade agreement (FTA) with the US. It is likely subject to the 10% global reciprocal tariff on its exports to the US, in addition to any sector-specific duties. Georgia retains access to the US Generalized System of Preferences (GSP) program for many goods. |
Export to Sheets
Focus on Georgia
The US-Georgia bilateral relationship is focused on economic cooperation, but it has recently been strained by Georgia's domestic political actions.
Relationship Aspect | Status/Action | Impact on Trade |
Bilateral Trade Agreement | No new FTA implemented. | Georgia and the US have a Bilateral Investment Treaty and a Trade and Investment Framework Agreement, but no comprehensive trade deal has materialized to exempt Georgia from the new US tariffs. |
Investment Climate | US Concerns Raised | US officials have expressed concern over recent actions by the Georgian government, including a "foreign agent" law and the suspension of the EU accession process. This makes the prospect of closer economic ties, such as an FTA, less likely in the short term. |
China's Role | Growing Presence | The Georgian government is strengthening economic ties with China, including signing an agreement with a Chinese consortium to develop the critical Anaklia deep-water Black Sea port. This move is viewed by some in the US as potentially increasing Chinese influence. |
Impact on Companies (General Trends)
Companies across the globe are adapting to the new high-tariff environment, with many reporting significant impacts.
Company/Industry Type | Impact | Key Examples |
Tech/Electronics | Large-scale costs, supply chain shifts. | Apple reported absorbing hundreds of millions in tariff costs and is shifting its global supply mix to reduce reliance on certain high-tariff countries. |
Automotive | Massive profit plunges from new duties on vehicles and parts. | Toyota and Hyundai have reported billion-dollar-level drops in profit tied directly to the new US tariffs on vehicles and auto parts. |
Apparel & Footwear | Price increases and sourcing shifts. | Nike and Adidas anticipate hundreds of millions in extra costs, leading to targeted price increases in the US and a planned reduction in sourcing from high-tariff countries. |
US Manufacturers (Importers) | Higher input costs. | Companies like Caterpillar and other industrial producers report higher manufacturing costs due to tariffs on imported raw materials like steel, copper, and aluminum. |
Retailers/Consumers | Higher prices for goods. | Retailers and consumers face higher costs for a wide range of goods, especially those now subject to new sector-specific tariffs like furniture, cabinets, and other home goods. |
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 |