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Iran

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
12.1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.09
0.01
0.08

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

As of Sunday, April 20, 2025, the tariff situation with Iran is complex and heavily overshadowed by broader economic sanctions imposed by the United States. Here's the latest update: General US Trade Embargo and Sanctions: The United States maintains a comprehensive trade embargo on Iran, which has been in place in various forms since 1987. This embargo prohibits most transactions between U.S. persons (individuals and entities) and Iran.   These sanctions are administered by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury. The sanctions are in place due to concerns over Iran's nuclear program and its support for groups the U.S. considers terrorist organizations.   This broad embargo effectively means that general tariffs on Iranian goods are largely irrelevant because direct trade is prohibited in most sectors. Specific Tariff Rates: While a general trade embargo exists, reports from early April 2025 indicated that the Trump administration had imposed a 10% tariff on imports from Iran as part of a broader "reciprocal tariff" policy. However, given the extensive existing sanctions, the practical impact of this tariff is minimal, as very few Iranian goods are legally imported into the United States. It's important to understand that this 10% tariff was implemented within the context of the already stringent sanctions regime. Recent Sanctions Actions (Beyond Tariffs): The U.S. continues to actively impose new sanctions targeting entities and individuals involved in Iran's nuclear program and related activities.   On April 9, 2025, the U.S. Department of the Treasury sanctioned five entities and one individual based in Iran for supporting Iran's nuclear program. On April 16, 2025, the U.S. sanctioned a China-based refinery to further pressure Iran.   These recent actions demonstrate the U.S.'s continued focus on using financial and other sanctions as the primary tools to pressure Iran, rather than traditional tariffs in a typical trade relationship. Limited Legal Trade and Exemptions: There are very limited exceptions to the U.S. embargo, often involving humanitarian goods (like food and medicine, although even these transactions face significant hurdles due to financial restrictions) and certain informational materials. These limited categories might technically be subject to the stated tariff rates, but the overall trade volume is minimal. Certain general licenses issued by OFAC may authorize specific transactions that would otherwise be prohibited. Impact on US-Iran Trade: Due to the long-standing sanctions and the comprehensive embargo, direct trade between the United States and Iran is minimal. In 2023, U.S. imports from Iran were valued at only $2.2 million, and in 2022 at $6.2 million, consisting of negligible amounts of specific goods. Secondary Sanctions: The U.S. also employs "secondary sanctions," which target foreign individuals and entities that conduct significant transactions with sanctioned Iranian sectors. This further complicates any potential trade with Iran, even for non-U.S. companies. In summary, while a 10% tariff on Iranian imports was reported in early April 2025, the overarching factor in the U.S.-Iran economic relationship remains the comprehensive trade embargo and extensive financial sanctions. These measures severely restrict direct trade, making standard tariff discussions largely academic in this context. The U.S. continues to use targeted sanctions as its primary tool to pressure Iran.

US Negotiation Strategy

Due to the extensive and complex nature of current US sanctions against Iran, direct imports from Iran to the United States are extremely limited and heavily restricted. According to the latest available data from 2024, the top imports from Iran to the US are primarily low-value items, likely representing разрешенные exceptions for specific goods like: Works of art, collectors' pieces, and antiques ($4.71 Million) Beverages, spirits, and vinegar ($1.18 Million)   Printed books, newspapers, pictures ($365.18 Thousand) Given the minimal import volume and the nature of these goods, identifying specific US states and companies that "manufacture the same" in a direct one-to-one replacement scenario is not particularly relevant or straightforward. However, we can look at the broader categories and identify potential US-based manufacturing: Works of Art, Collectors' Pieces, and Antiques: This category is highly diverse and often involves unique, handcrafted items. While the US has a vibrant arts and crafts scene, it doesn't directly "manufacture" historical antiques. States with significant arts and crafts communities: California, New York, North Carolina, Pennsylvania, Oregon, New Mexico. Example Companies/Organizations: Numerous individual artists, craft guilds, and artisan cooperatives exist across these states. Examples include the Southern Highland Craft Guild (North Carolina) and various art collectives in major cities.   Beverages, Spirits, and Vinegar: The US has a large and well-established domestic beverage industry.   States with significant beverage production: California (wine, beer, spirits), Kentucky (bourbon), Tennessee (whiskey), Oregon (wine, beer), Washington (wine, beer), North Carolina (beer, spirits). Example Companies: E. & J. Gallo Winery (California), Anheuser-Busch InBev (multiple states), Brown-Forman (Kentucky - Jack Daniel's), Deschutes Brewery (Oregon).   Printed Books, Newspapers, Pictures: The US has a substantial printing and publishing industry.   States with major printing and publishing activities: Illinois, New York, California, Pennsylvania, Tennessee. Example Companies: RR Donnelley (Illinois), Quad/Graphics (Wisconsin), major publishing houses like Penguin Random House (New York).   Important Considerations Regarding US-Iran Trade: Sanctions: The primary reason for the low import volume from Iran is the extensive US sanctions regime, which severely restricts trade and financial transactions with Iran. Focus of Iranian Economy: Iran's economy is heavily reliant on oil and gas exports, which are also subject to US sanctions and are not a significant import to the US under the current circumstances. Other Potential Imports (if sanctions were lifted): If sanctions were eased, potential Iranian imports to the US could include: Petroleum and related products: States with major oil refining industries like Texas, Louisiana, and California could potentially process Iranian crude oil. Companies like ExxonMobil, Chevron, and Valero are major players. Agricultural products (e.g., pistachios, dried fruits, carpets): California is a major producer of pistachios and other nuts. States like Georgia and Texas also have significant pecan production. Carpet manufacturing exists in states like Georgia and North Carolina, although they may not directly replicate traditional Persian carpets.   In the current political and economic climate, direct trade between the US and Iran remains minimal due to US sanctions. The limited imports are in niche categories, and direct domestic "manufacturing" equivalents are either broad (like beverages and printed materials) or not directly comparable (like unique works of art and historical antiques).

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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