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Jamaica

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
9.2
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
2.64
0.36
2.28

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 update on tariffs concerning Jamaica: United States Tariffs on Goods from Jamaica: A 10% tariff is currently applied to goods imported into the United States from Jamaica. This 10% rate is part of the baseline tariff of the "reciprocal tariff" regime announced by President Trump, which went into effect on April 5, 2025. The U.S. government considers this tariff "reciprocal" as Jamaica also imposes a 10% tariff on goods imported from the United States. This 10% tariff is in addition to any existing base tariffs that might have been in place before this new regime. Jamaica's Tariffs on Goods from the United States: Jamaica applies a 10% tariff on goods imported from the United States. Jamaica's Broader Trade Policy: As a member of the Caribbean Community (CARICOM), Jamaica applies a Common External Tariff (CET) to imports from countries outside of CARICOM. This CET typically ranges from 10% to 20%.   Goods imported from CARICOM countries that are certified as originating within the community generally enjoy duty-free status (no Customs import duty), although local taxes like the General Consumption Tax (GCT) and Special Consumption Tax (SCT) still apply. Jamaica is committed to gradually reducing some of its higher duties, which could previously reach as high as 180%.   The country actively participates in Free Trade Agreements (FTAs) to improve market access for its goods and services and reduce trade barriers.   Key Points: The most recent significant development is the imposition of a 10% tariff by the United States on imports from Jamaica as part of its new global reciprocal tariff policy. This tariff is stated as reciprocal to the existing 10% tariff that Jamaica levies on U.S. goods. For goods from countries outside CARICOM, Jamaica's CET typically ranges between 10% and 20%.   It's important to note that international trade policies can be dynamic. For the most precise and up-to-date information, it is advisable to consult official sources such as the Jamaica Customs Agency and the United States Trade Representative (USTR) websites.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Jamaica include: Inorganic chemicals, precious metal compound, isotope ($58.50M) Ores slag and ash ($51.56M) Edible vegetables and certain roots and tubers ($47.29M) Beverages, spirits and vinegar ($46.71M) Miscellaneous edible preparations ($42.53M) Here's a look at which states in the US can manufacture similar products, along with some example companies: Inorganic chemicals, precious metal compound, isotope: Louisiana: Known for its large chemical industry. Companies like Dow Chemical and BASF have significant operations in the state producing a wide range of inorganic chemicals. Texas: Another major hub for chemical manufacturing. Companies such as ExxonMobil Chemical and LyondellBasell have a strong presence. New Jersey: Has a significant pharmaceutical and chemical industry, including companies that deal with precious metal compounds like Johnson Matthey. Ores slag and ash: Arizona: A major mining state, particularly for copper and other ores. Companies like Freeport-McMoRan operate large mining sites. Utah: Also has significant mining operations, including copper, gold, and other minerals. Rio Tinto has a large presence here. Nevada: Gold and silver mining are prominent in Nevada, with companies like Newmont Corporation operating in the state. Edible vegetables and certain roots and tubers: California: The leading agricultural state, producing a vast array of vegetables, including roots and tubers. Companies like Grimmway Farms (carrots) and many other smaller and large-scale farming operations are present. Florida: A major producer of tomatoes, potatoes, and other vegetables, especially during the winter months. Companies like U.S. Sugar (also involved in vegetable farming) and numerous other agricultural businesses operate here. Idaho: Famous for its potato production. Companies like Lamb Weston and Simplot are major players in the potato industry. Beverages, spirits and vinegar: California: A leading state in wine production (vinegar is a byproduct), and also has numerous breweries and distilleries. Companies like E. & J. Gallo Winery, Anheuser-Busch InBev (with breweries across the US, including California), and craft distilleries are abundant. Kentucky: Known for its bourbon whiskey production. Companies like Jim Beam and Maker's Mark are based here. Tennessee: Famous for Tennessee whiskey, with companies like Jack Daniel's. Oregon and Washington: Growing regions for wine and craft beverages. Numerous wineries and breweries operate in these states. Miscellaneous edible preparations: This is a broad category encompassing processed foods. Many states have food processing companies. Illinois: A major food processing hub with companies like Kraft Heinz having a significant presence. Iowa: Known for its agricultural output, it also has substantial food processing facilities. Companies like Tyson Foods have operations in the state. California: With its large agricultural sector, it also has a significant food processing industry. It's important to note that while these states have the capacity to manufacture similar types of goods, the specific varieties, qualities, and scales of production might differ from those imported from Jamaica. Additionally, some of the imported goods might be specific varieties or have unique characteristics not widely produced in the US.

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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