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Grenada

US Revised Tariffs (%)

10

Ease of doing business

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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.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
13
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.17
0.01
0.15

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

Trade.Gov Fact Sheet

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.

Implications

While there haven't been any Grenada-specific major global tariff updates in the very recent news that would drastically alter its overall trade regime, here's the latest information you should be aware of as of Sunday, April 20, 2025, keeping in mind the broader global context: 1. Grenada's General Tariff Structure: Grenada, as a member of CARICOM (Caribbean Community), largely follows the CARICOM Common External Tariff (CET).   According to the World Bank data from 2022, the Most Favored Nation (MFN) simple mean tariff rate for all products in Grenada was 10.42%.   Historically, Grenada's applied weighted mean tariff for all products has fluctuated. Data from Macrotrends shows it was 10.79% in 2019. Grenada's tariff schedule is based on the Harmonized Commodity Description and Coding System. Most tariffs are ad valorem (a percentage of the value), though some specific rates might exist. 2. Impact of Recent Global Tariff Developments (Specifically the US): US "Reciprocal Tariffs": In early April 2025, the United States announced a baseline 10% tariff on imports from most countries and higher "reciprocal tariffs" on countries with significant trade imbalances.   Grenada's Position: News reports from early April 2025 indicate that Grenada is among the Caribbean nations that are now subject to the 10% tariff on exports to the United States. Concerns for Grenada: The imposition of this 10% tariff by the U.S. is seen as a significant economic challenge for Grenada, given its reliance on the U.S. as a primary export market for goods like rum, seafood, coffee, and manufactured products. This could lead to higher costs for U.S. importers, reduced demand, and potential job losses in Grenada.   No Retaliation (So Far): As of the latest reports, Grenada has not announced any retaliatory tariffs against the United States, especially given the 90-day pause the U.S. implemented for most countries (though it's unclear if this pause fully applies to the initial baseline tariff for Grenada). 3. Grenada's Trade Agreements: Grenada is part of several trade agreements that influence its tariff policies:   CARICOM: As mentioned, this is a key framework shaping Grenada's external tariffs and promoting trade within the Caribbean region. The CARICOM Single Market and Economy (CSME) aims for the free movement of goods, services, people, and capital within member states.   CARIFORUM-EU Economic Partnership Agreement (EPA): This agreement provides duty-free and quota-free access for most Caribbean exports to the European Union.   CARIBCAN: A trade agreement with Canada providing preferential access.   Caribbean Basin Initiative (CBI): A U.S. program granting duty-free entry for many Caribbean goods (though this is now being impacted by the new U.S. tariffs). Bilateral Agreements: Grenada also has bilateral investment agreements with countries like the United Kingdom and the United States.   4. Finding Specific Tariff Rates: To find the exact tariff rate for a specific product being imported into Grenada, you would typically need to consult Grenada's national customs authority or utilize online databases like the World Integrated Trade Solution (WITS), which provides data from UNCTAD TRAINS. These resources allow you to search by HS code and origin country.   The Grenada Customs and Excise Division might have a detailed tariff schedule available on their website, although the provided search snippets don't directly link to a downloadable current schedule. Resources like Fuuffy and Taxprice offer estimations of tariffs and VAT for shipping to Grenada but emphasize that the final rates are determined by Grenada Customs. In summary, the most significant recent tariff update for Grenada is the imposition of a 10% tariff on its exports to the United States. While Grenada generally follows the CARICOM CET, this new U.S. tariff poses a direct challenge to its trade relationship with its largest partner. For specific product tariff rates in Grenada, consulting official Grenadian customs resources or international trade databases is recommended.

US Negotiation Strategy

Based on the most recent data (2024), the top imports to the US from Grenada by value are: Fish, crustaceans, molluscs, aquatic invertebrates ($8.01 Million) Edible fruits, nuts, peel of citrus fruit, melons ($3.58 Million) Copper ($1.14 Million) Commodities not specified according to kind ($1.09 Million) Coffee, tea, mate and spices ($768.17 Thousand) Here's a look at which US states can manufacture similar products, along with some example companies: Fish, crustaceans, molluscs, aquatic invertebrates: Alaska: Known for its large commercial fishing industry, including salmon, cod, and crab. Example Companies: Trident Seafoods, Icicle Seafoods.   Washington: Significant aquaculture and wild-caught fisheries. Example Companies: Cooke Aquaculture Pacific, Taylor Shellfish Farms. Massachusetts: Historical and ongoing importance in fishing, particularly shellfish and groundfish. Example Companies: Legal Sea Foods (processing), Blue Harvest Fisheries. Louisiana: Major producer of shrimp, oysters, and other Gulf seafood. Example Companies: LA Shrimp Company, Gulf Island Seafood.   Edible fruits, nuts, peel of citrus fruit, melons: California: Leading producer of a wide variety of fruits, nuts (almonds, walnuts, pistachios), citrus (oranges, lemons), and melons. Example Companies: Wonderful Company (almonds, pistachios, citrus), Driscoll's (berries), Sunkist Growers (citrus). Florida: Famous for its citrus production (oranges, grapefruit) and also grows melons and tropical fruits. Example Companies: Florida's Natural Growers, Tropicana Products (processing). Washington: Major apple, pear, and cherry producer. Example Companies: Tree Top, Stemilt Growers. Oregon: Significant production of berries, pears, and hazelnuts. Example Companies: Oregon Berry Packing, Northwest Hazelnut Company.   Copper: Arizona: Historically and currently a major copper mining and smelting state. Example Companies: Freeport-McMoRan, Asarco. Utah: Also has significant copper mining operations. Example Companies: Rio Tinto Kennecott. Montana: Has a history of copper mining, though production has decreased. Example Companies: Montana Resources.   Coffee, tea, mate and spices: While the US doesn't have a climate suitable for large-scale coffee or tea cultivation, there are states with significant spice production and processing, as well as roasting and blending of coffee and tea: California: Grows some specialty spices and has numerous coffee roasting and tea blending companies. Example Companies: Olam Spices, Peet's Coffee, Celestial Seasonings (tea - although headquartered in Colorado, has CA operations). Florida: Some small-scale spice cultivation. Various States: Many states have companies involved in the processing, packaging, and distribution of spices and the roasting/blending of coffee and tea (e.g., Illinois, New Jersey, Washington). Example Companies: McCormick & Company (Maryland), Starbucks (Washington - roasting).   It's important to note that while these US states can manufacture similar types of products, the specific varieties, scale of production, and processing methods may differ from those in Grenada. Additionally, for some categories like "Commodities not specified according to kind," it's difficult to pinpoint specific manufacturing states without more detailed information on what these commodities are.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA 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.

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