
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
US Tariffs Update: Deals and Agreements
The US administration has been pursuing a strategy of negotiating bilateral trade agreements to reduce or cap the reciprocal tariffs imposed earlier in 2025.
Trading Partner | Deal/Status (October 2025) | Key Details |
European Union (EU) | Framework Agreement Reached | A 15% ceiling has been established for the total US tariff rate on most EU imports, including autos, auto parts, pharmaceuticals, and semiconductors. The EU, in return, has agreed to eliminate tariffs on all US industrial goods and make large-scale purchases of US energy ($750 billion by 2028). |
United Kingdom (UK) | Economic Prosperity Deal (EPD) in Progress | The UK secured a preferential 10% reciprocal tariff rate. The EPD also sets out tariff reductions for U.K. automotive imports (reduced to 10% with a quota) and is negotiating terms for steel and aluminum imports. |
China | Truce Ended / Hostilities Resumed | The temporary truce has fizzled. US tariffs are currently a combination of 10% (reciprocal) and 20% (fentanyl), with a 100% additional tariff threatened to start November 1, 2025, in response to China's rare earth export controls. |
Other Countries | Varies widely | Countries with no specific agreement are subject to the global 10% baseline reciprocal tariff. Countries like India and Brazil face much higher cumulative rates due to additional punitive tariffs. |
Specific Status for Gibraltar
As a British Overseas Territory, Gibraltar's primary trade policy focus has been on its relationship with the EU post-Brexit, rather than direct US trade negotiations.
Area | Status (October 2025) |
US Tariffs on Gibraltar | 10% (Global Baseline) |
EU-UK-Spain Agreement | Political Agreement Finalized |
Impact on Companies
The expansion of US tariffs has had a broad and significant impact on businesses:
Affected Area | Company Impact (October 2025) |
Sectors Targeted | New tariffs have been introduced or hiked on products like medium/heavy-duty trucks (25%), certain wood products/furniture/cabinets (25% to 50%), and pharmaceuticals (100%). This directly affects importers and domestic competitors in these industries. |
Cost & Pricing | Studies indicate that the tariffs are largely borne by US firms (importers) and are increasingly being passed on to consumers. Upstream price pressures (Producer Price Index) are rising, which is expected to lead to higher prices for a range of consumer goods in the coming months. |
Supply Chains | Businesses are actively re-routing trade to avoid tariffs, causing disruptions and uncertainty. There is also increased focus on "transshipment penalties" (40% duty) for companies caught routing goods through intermediate countries to evade tariffs. |
Administrative Burden | The tariff regime is highly complex, with multiple tariffs stacking on top of each other. Furthermore, the de minimis exemption (which allowed duty-free entry for shipments under $800) was suspended in August 2025 for all countries, increasing the administrative and financial burden on all e-commerce and low-value imports. |
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 |