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
As of July 10, 2025, the United States has not announced any specific, unique reciprocal tariffs for Georgia (the country) to take effect on August 1, 2025.
However, it's crucial to understand the broader context of U.S. tariff policy under the current administration:
Universal 10% Tariff: Since April 5, 2025, a baseline 10% tariff applies to nearly all goods imported into the U.S. (with some exceptions like cell phones and computers). This means that, at a minimum, goods from Georgia are subject to this 10% tariff unless a specific, lower rate has been negotiated or an exemption applies.
August 1st Deadline for Higher Tariffs: President Trump has pushed back the effective date for higher, country-specific "reciprocal tariffs" to August 1, 2025. These tariffs can range significantly (from 20% to 50% or even higher for certain countries) and are intended to pressure trading partners into new agreements or to address perceived trade imbalances.
Negotiations are Ongoing: The U.S. administration is actively engaging in bilateral trade negotiations with many countries to avoid these higher tariffs. Countries that strike new deals or demonstrate a willingness to address U.S. trade concerns may receive more favorable tariff rates or exemptions. The White House has sent letters to numerous countries outlining their specific potential tariff rates if no deal is reached.
Status of Deals and Agreements with Georgia:
The U.S. and Georgia have a bilateral investment treaty and a bilateral trade and investment framework agreement. Georgia also can export many products duty-free to the United States under the Generalized System of Preferences (GSP) program. These existing agreements suggest a foundation for trade relations, but whether they will be sufficient to avoid new, higher tariffs under the current U.S. trade policy remains to be seen.
There have been no public announcements of a new comprehensive trade deal specifically struck between the U.S. and Georgia (the country) that would exempt it from the potential higher reciprocal tariffs by the August 1st deadline. However, negotiations are fluid, and updates can come quickly.
Potential Impact on Georgian Companies:
If higher tariffs (beyond the current 10% baseline) are ultimately imposed on Georgian goods, it could have several impacts:
Increased Costs for U.S. Importers and Consumers: The tariffs are essentially a tax on imported goods. While foreign companies may absorb some of the cost, a significant portion is typically passed on to U.S. businesses and consumers, making Georgian products more expensive in the U.S. market.
Reduced Competitiveness: Georgian companies exporting to the U.S. could find their products less competitive compared to goods from countries that have negotiated lower tariff rates or from U.S. domestic producers.
Supply Chain Adjustments: U.S. businesses that rely on imports from Georgia might seek alternative suppliers from other countries or look to source more domestically, leading to disruptions in existing supply chains.
Uncertainty: The ongoing uncertainty surrounding tariff policies creates a challenging environment for businesses in both countries, making long-term planning difficult.
It is advisable for Georgian businesses exporting to the U.S. to monitor official U.S. trade announcements closely and consult with trade experts to understand the specific implications for their products.
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 |