
Ease of doing business
theboardiQ Tariffs Dashboard:
Powering Mutually Beneficial Global Trade.
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.

Implications
Here is an update on the US tariff landscape, focusing on recent deals and the impact on specific goods and companies.
1. US Tariffs: Deals and Agreements (October 2025)
The current US trade policy is marked by a Universal Baseline Tariff of 10% on most non-sanctioned imports, with higher country-specific and product-specific rates implemented through a series of executive actions.
Country/Region | Latest Trade Status/Deal | Key Tariff Rate for Imports |
China | Truce Ended/Escalating Conflict | Current: 10% baseline + 20% "Fentanyl" tariff (minimum 30%) Threatened: Additional 100% tariff on all goods starting Nov. 1. |
European Union (EU) | Preliminary Framework Deal | Tariffs on most products capped at 15%. Commitment to reduce Section 232 Auto tariffs is being implemented. |
Japan | Preliminary Trade Agreement | Tariffs on most products capped at 15% (including 15% on non-USMCA Auto imports). |
United Kingdom (UK) | Preliminary Agreement | 25% on Steel/Aluminum (down from 50%). 10% on Automobiles/Parts. |
Canada/Mexico | USMCA Exemptions | Goods that meet USMCA rules of origin are exempt. Non-compliant Canadian goods face 35%, and non-compliant Mexican goods face 25%. |
Kiribati | Limited Economic Relationship | No recent major tariff/trade deal. US-Kiribati relations center on regional security, fisheries (via the South Pacific Tuna Treaty), and economic assistance. Kiribati is subject to the general 10% baseline tariff. |
2. Impact on Specific Industries and Companies
The ongoing and newly implemented tariffs are significantly reshaping supply chains and increasing costs for companies, particularly in targeted sectors.
Affected Sector | New/Escalated Tariff | Company/Consumer Impact |
Pharmaceuticals | 100% on all branded/patented foreign-made drugs (Effective Oct. 1, 2025). | Importers/Consumers: Massive price increase expected for foreign drugs. Manufacturers: Incentive to build US manufacturing facilities to gain exemption. |
Wood & Furniture | Softwood Timber: 10%. Upholstered Furniture/Cabinets: 25% (rising to 30%/50% in Jan. 2026). (Effective Oct. 14, 2025). | Homebuilders/Consumers: Industry groups estimate the wood tariffs alone could add $1,000+ to the cost of a new home. Hits retailers like Home Depot and furniture companies importing from Asia. |
Heavy-Duty Trucks | 25% on all imported medium- and heavy-duty trucks (Effective Nov. 1, 2025). | US Truckers/Logistics: Likely higher procurement costs for fleet operators. Foreign Manufacturers: Directly impacts major European and Asian truck makers and those with Mexican facilities (e.g., Daimler Truck, Volvo Group). |
Copper | 50% on semi-finished copper products (Implemented Aug. 2025). | Domestic Manufacturers: Increased input costs for products using copper wire, pipes, and electrical components. |
De Minimis Shipments | Suspended (Effective Aug. 29, 2025). | E-Commerce/Small Businesses: Shipments valued below $800 are no longer duty-free, adding significant costs and administrative complexity to global e-commerce, hitting platforms that rely on cheap imports. |
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.
Investing in USA
theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters
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
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.

Economic
Relevance
Ranking
State | Info | Overall Rank | Agri | Innov | Mfg | Employ | Tax | Edu | GDP | F500 Rep | Trade Balance | Cost of Living | Disp Income |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Texas | 1 | 4 | 5 | 11 | 10 | 7 | 42 | 2 | 2 | 2 | 24 | 13 | |
North Carolina | 2 | 9 | 21 | 1 | 4 | 12 | 28 | 11 | 16 | 41 | 17 | 17 | |
Virginia | 3 | 32 | 24 | 6 | 2 | 28 | 7 | 13 | 6 | 34 | 35 | 3 | |
Florida | 4 | 21 | 11 | 15 | 1 | 4 | 35 | 4 | 7 | 40 | 30 | 37 | |
Washington | 5 | 16 | 3 | 36 | 28 | 45 | 9 | 9 | 15 | 9 | 43 | 1 | |
Missouri | 6 | 11 | 25 | 22 | 20 | 13 | 32 | 21 | 22 | 20 | 10 | 20 | |
Georgia | 7 | 15 | 26 | 9 | 3 | 26 | 34 | 8 | 9 | 43 | 26 | 19 | |
Minnesota | 8 | 6 | 10 | 47 | 6 | 44 | 8 | 20 | 10 | 33 | 33 | 9 | |
Ohio | 9 | 12 | 32 | 7 | 30 | 35 | 36 | 7 | 5 | 38 | 15 | 11 | |
Illinois | 10 | 5 | 23 | 31 | 23 | 37 | 16 | 5 | 4 | 47 | 32 | 7 |