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Guinea

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
12.6
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.14
0.01
0.13

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.

Implications

As of Sunday, April 20, 2025, here's the latest information on tariffs related to Guinea: Guinea's General Tariff Structure: Guinea is a member of the Economic Community of West African States (ECOWAS) and has adopted the ECOWAS Common External Tariff (CET). This harmonizes Guinea's import taxes with other West African states.   There are generally five import duty rates in Guinea, known as the Droit Fiscal d'Importation (DFI): 0%: For health, education, and information-related items. 5%: For staple foods, raw materials, property, and equipment.   10%: For semi-finished products and industrial inputs. 20%: For luxury goods. 35%: For specific goods related to economic development. Surtaxes: A surtax is imposed on luxury items such as vehicles, alcohol, tobacco, and most other consumer goods. This surtax ranges from 20% to 70%, with vehicles typically facing a surtax between 20% and 30%.   Privileged Regimes: Certain "privileged regimes," public institutions, and donor organizations may receive exemptions on import duties for machinery and equipment used in investment projects and a reduced duty of 6% on raw materials.   Basic food and agricultural products are generally taxed at a lower rate of 1% to 2%, and some items, like certain medicines, are tax-exempt. Recent Global Tariff Developments and Guinea: US "Reciprocal Tariffs": In April 2025, the United States implemented "reciprocal tariffs" on imports from most countries. Guinea was included in this list with a reciprocal tariff rate of 10% which took effect on April 5, 2025. 90-Day Pause: However, the U.S. subsequently announced a 90-day pause on these country-specific reciprocal tariff rates for most countries, effective April 10, 2025. This means that for now, the additional 10% reciprocal tariff on goods from Guinea is suspended. The general U.S. baseline tariff of 10% still applies.   Steel and Aluminum: The U.S. maintains a 25% tariff on steel and aluminum imports globally. It's unclear if Guinea is a significant exporter of these products to the U.S., but if so, these tariffs would apply.   Other Trade-Related Information for Guinea: Guinea is a member of the Mano River Union with Sierra Leone and Liberia, which includes standardized customs tariffs between these nations.   Guinea is a signatory to the African Continental Free Trade Area (AfCFTA), which aims to create a single market for goods and services across Africa, although the full implementation is ongoing.   Guinea benefits from the "Everything But Arms" (EBA) initiative, granting duty-free access to the European Union for least-developed countries. Previously, Guinea was a beneficiary of the African Growth and Opportunity Act (AGOA), allowing duty-free exports to the United States, but it lost this status in January 2022. Key Takeaway for Tariffs on Guinea (as of April 20, 2025): Guinea generally follows the ECOWAS Common External Tariff, with rates ranging from 0% to 35% depending on the type of goods.   Luxury goods face additional surtaxes.   While the U.S. briefly imposed a 10% reciprocal tariff on Guinean goods, this has been paused for 90 days, reverting to the general 10% baseline tariff for now. U.S. tariffs on steel and aluminum would still apply if Guinea exports these to the U.S. It's important to consult official customs authorities in Guinea and the United States for the most up-to-date and specific tariff rates for particular goods.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the United States from Guinea by value are: Rubbers ($2.16 Million) Beverages, spirits and vinegar ($1.07 Million) Commodities not specified according to kind ($601.79 Thousand) Vehicles other than railway, tramway ($474.50 Thousand) Fish, crustaceans, molluscs, aquatics invertebrates ($373.95 Thousand) Here's a look at which states in the U.S. can manufacture similar products, along with examples of companies: Rubbers: Ohio: Has a significant history in the rubber industry. Goodyear Tire & Rubber Company: Based in Akron, Ohio, manufactures tires and rubber products.   Cooper Tire & Rubber Company: (Now part of Goodyear) Also has a strong presence in Ohio.   Indiana: Has a substantial manufacturing sector including rubber products. Firestone Industrial Products (Bridgestone Americas): Operates facilities in Indiana producing air springs and related products.   Other states with rubber manufacturing include Michigan, North Carolina, and Tennessee.   Beverages, spirits and vinegar: This is a widespread industry across many states. California: A major producer of wine, beer, and other beverages. E. & J. Gallo Winery: Large wine producer in California.   Sierra Nevada Brewing Co.: Well-known craft brewery in California. Kentucky: Famous for bourbon whiskey production. Jim Beam Brands: Distiller of bourbon and other spirits. Maker's Mark Distillery: Another prominent bourbon producer. Oregon: Known for craft beers and wineries. Deschutes Brewery: Popular craft brewery in Oregon. Many other states have significant beverage production, including Washington, Colorado, North Carolina, and Pennsylvania. Vinegar is produced in various states by food processing companies.   Commodities not specified according to kind: This is a broad category and difficult to pinpoint specific manufacturing states or companies without more specific details on what these commodities are. Vehicles other than railway, tramway: Michigan: The traditional center of the U.S. automotive industry. Ford Motor Company: Headquartered in Michigan, manufactures a wide range of vehicles. General Motors (GM): Has significant operations and headquarters in Michigan. Stellantis (formerly Fiat Chrysler): Also has a strong presence in Michigan. California: Growing in electric vehicle manufacturing and automotive technology. Tesla: Major electric vehicle manufacturer with a significant presence in California.   South Carolina: Has become a significant hub for automotive manufacturing. BMW Manufacturing Co.: Operates a large plant in South Carolina.   Volvo Cars: Has a manufacturing facility in South Carolina.     Other key automotive manufacturing states include Alabama, Tennessee, Kentucky, and Ohio. Fish, crustaceans, molluscs, aquatics invertebrates: This involves fishing and aquaculture rather than traditional manufacturing in factories. Alaska: A major center for commercial fishing.   Washington: Significant in both wild-caught and farmed seafood.   Louisiana: Important for shrimp, oysters, and other seafood.   Massachusetts: Has a long history of fishing and seafood processing.   Maine: Known for lobster and other seafood.   Aquaculture occurs in various states, including Mississippi (catfish), Washington (salmon, shellfish), and Florida (various species).   It's important to note that while these states and companies can produce similar types of goods, the specific grades, qualities, and types might differ from those imported from Guinea. Additionally, the scale of domestic production for some of these items might not entirely replace the volume of imports from Guinea.

Investing in USA

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

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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

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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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