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Haiti

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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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
6.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
1.21
0.62
0.6

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 today, Sunday, April 20, 2025, the most significant recent tariff update concerning Haiti involves the imposition of a 10% tariff by the United States on imports from Latin American and Caribbean countries, including Haiti. This tariff, part of a broader "reciprocal tariff" policy, went into effect on April 5, 2025. Key Details and Implications for Haiti: 10% Tariff: President Trump's executive order, signed on April 2, 2025, implemented a baseline 10% tariff on imports from most countries, including those in Latin America and the Caribbean. Threat to Textile Industry: This new tariff poses a significant threat to Haiti's textile industry, which relies heavily on duty-free access to the U.S. market through trade agreements like the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Act and the Haitian Economic Lift Program (HELP) Act.   Importance of Textile Sector: The textile sector in Haiti represents nearly 90% of formal employment and has already suffered substantial job losses (around 40,000) due to the ongoing security crisis in the country.   Economic Hardship: Haiti's economy has been facing severe challenges, with six consecutive years of contraction and a 4.2% decline in GDP in 2024. The new U.S. tariffs are expected to further complicate recovery efforts.   Potential Domino Effect: Analysts predict that the tariffs could lead to a domino effect on the Haitian economy. Increased costs might force companies to relocate, resulting in more job losses. Reduced wages for textile workers would then impact their spending on local goods and services, affecting the broader economy.   Expiration of Trade Preferences: The benefits provided to Haiti under the HOPE II and HELP Acts were extended through the Trade Preferences Extension Act of 2015 and are set to expire in September 2025. The new tariffs add another layer of concern for the future of Haiti's trade relationship with the U.S.   No Reciprocal Tariffs from Haiti (for now): As of the latest updates, there have been no reports of Haiti imposing new reciprocal tariffs on goods from the United States. Context of U.S.-Haiti Trade Relations: The United States is Haiti's largest trading partner. Several U.S. firms operate in Haiti, particularly in the apparel assembly sector, which benefits from duty-free access under existing trade preference programs. These preference programs aim to support Haiti's economic development by encouraging trade and investment. The new tariffs directly contradict this objective.   Overall Impact: The imposition of the 10% tariff by the U.S. is a significant setback for Haiti's fragile economy, particularly its vital textile industry. The loss of duty-free access to the U.S. market could lead to factory closures, job losses, and further economic instability in a country already grappling with numerous challenges. Haitian officials have called for international cooperation and national reforms to mitigate the impact of these tariffs.

US Negotiation Strategy

Based on the most recent data from 2024, the top imports to the US from Haiti by value are: Articles of apparel, knit or crocheted ($457.13 Million) States with similar manufacturing: California, New York, North Carolina, Georgia, South Carolina. Example Companies: California: Indie Source (Los Angeles - provides design and manufacturing services).   New York: NYC Factory Inc. (New York City - apparel manufacturing). North Carolina: Parkdale Mills (Gastonia - yarn and textile products).   Georgia: Fruit of the Loom (Bowling Green, KY - although headquartered in Kentucky, has significant manufacturing operations in the US South). South Carolina: Beverly Knits (Gastonia, NC - knits fabrics, but has operations in SC). Articles of apparel, not knit or crocheted ($125.59 Million) States with similar manufacturing: California, Texas, New York, Pennsylvania. Example Companies: California: Sewn (Los Angeles - apparel manufacturing). Texas: Stitch Texas (Austin - apparel manufacturing).   New York: Evans Garment Manufacturing (New York City - cut and sew operations). Pennsylvania: Monilyn (Philadelphia - apparel manufacturing). Headgear ($19.52 Million) States with similar manufacturing: California, New York, Texas. Example Companies: California: головные уборы Pacific Headwear (La Mirada). New York: New Era Cap Co. (Buffalo - though a large international company, has US manufacturing). Texas: American Hat Makers (Bowie - custom hat manufacturing).   Other made textile articles, sets, worn clothing ($7.18 Million) States with similar manufacturing: North Carolina, South Carolina, Georgia. Example Companies: North Carolina: Burlington Industries (Greensboro - diverse textile products).   South Carolina: Milliken & Company (Spartanburg - textiles and floor coverings).   Georgia: Shaw Industries (Dalton - carpets and flooring, but also other textiles).   Beverages, spirits and vinegar ($6.67 Million) States with similar manufacturing: California, Kentucky, Tennessee, Florida. Example Companies: California: E. & J. Gallo Winery (Modesto - wine and spirits). Kentucky: Brown-Forman (Louisville - spirits like Jack Daniel's and Woodford Reserve).   Tennessee: George Dickel Distillery (Tullahoma - whiskey). Florida: Florida Caribbean Distillers (Lake Alfred - rum and other spirits). It's important to note that while these US states and companies manufacture similar types of goods, there may be differences in the specific products, materials used, and scale of production compared to imports from Haiti. Additionally, the apparel sector in Haiti often benefits from trade agreements and specializes in certain types of assembly.

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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