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Heard and McDonald Islands

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 %
0
10
10
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
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US Revised Tariffs

Country Tariffs

Balance of Trade

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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

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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.

Tariff rate, applied, weighted mean, all products (%)

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.

Trading Economics - Imports

Implications

As of Sunday, April 20, 2025, the latest tariff update concerning Heard and McDonald Islands is quite unusual and stems from the recent widespread tariff actions by the United States. Here's the key information: US 10% Tariff: The United States, under President Trump's new trade policy announced in early April 2025, has imposed a 10% tariff on imports from Heard Island and McDonald Islands.   Uninhabited Territory: This move has garnered significant attention and confusion because Heard Island and McDonald Islands are a remote, sub-Antarctic Australian territory with no permanent human population. The islands are primarily home to penguins, seals, and seabirds.   Minimal Trade: While the islands have no permanent residents or significant exports, reports indicate that in 2022, the U.S. imported a small amount of goods (around $1.4 million) from the islands, classified mainly as machinery and electrical products. It's unclear the origin of these goods given the lack of infrastructure on the islands.   Australian Reaction: Australian Prime Minister Anthony Albanese expressed his bewilderment at the tariffs, stating, "Nowhere on Earth is safe." He noted the unexpected and unwarranted nature of this tariff. Conservation Group Response: Penguins International, a conservation group, is using the attention generated by these tariffs to highlight climate and biodiversity issues affecting Antarctic penguins. They are planning a "protest march" of penguins and a real protest event on World Penguin Day (April 25th).   White House Justification: The White House initially justified the tariff by alleging that the islands impose a 10% "tariff to the USA," citing "currency manipulation and trade barriers." This justification has been widely questioned and seems to be based on incorrect or misinterpreted trade data. 90-Day Pause Exception: While the U.S. implemented a 90-day pause on the new "reciprocal tariffs" for most countries starting April 9, 2025, it's not explicitly clear if this pause applies to Heard and McDonald Islands. Given the baseline 10% tariff was applied universally, it's likely this remains in effect. In summary, the most recent tariff update on Heard and McDonald Islands is the imposition of a 10% import tariff by the United States, a move that has been met with confusion and criticism due to the islands' uninhabited nature and minimal trade activity. The situation has ironically brought attention to penguin conservation efforts.

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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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