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Liberia

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
6.2
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.22
0.07
0.15

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, here is the latest update on tariffs involving Liberia: United States Tariffs on Liberia: General 10% Tariff: As part of a sweeping trade policy announced by President Trump, a 10% tariff is currently in effect on imports from Liberia, along with nearly all other countries. This tariff took effect on April 5, 2025. Reciprocal Tariff: Liberia has also been hit with a reciprocal 10% tariff by the United States, matching what the U.S. claims it is charged on its goods entering Liberia. AGOA Preference Threatened: Previously, under the African Growth and Opportunity Act (AGOA), Liberia enjoyed preferential, duty-free access to the U.S. market for key products like rubber, diamonds, and palm oil. The new 10% tariff represents a significant increase from the previous average U.S. tariff rate of 3.3% on Liberian goods and could undermine these benefits.   90-Day Pause Exception: While the U.S. implemented a 90-day pause on higher "reciprocal tariffs" for most countries starting April 9, 2025, it appears this pause does not apply to Liberia. The 10% tariff on Liberian goods remains in effect. Liberia's Potential Response: The Liberian government has not yet issued a formal response to the U.S. tariff decision. However, there is concern within Liberia that these tariffs will lead to higher prices for consumers on essential goods imported from the U.S., such as food, medicine, and machinery. Some Liberian figures are urging the government to focus on boosting local production and ensuring economic stability in light of these new trade challenges. Impact on Trade Relationship: In 2024, U.S. goods exports to Liberia totaled $220.4 million, while U.S. goods imports from Liberia were $72.5 million. The main import from Liberia to the U.S. is rubber. The new tariffs could negatively impact Liberia's already fragile economy by making its exports to the U.S. less competitive and increasing the cost of essential U.S. goods for Liberian consumers. Liberia's Broader Trade Policy: Liberia aims to create a transparent and predictable business environment that fosters trade integration and sustainable development.   The country is a member of the WTO and is part of the Economic Community of West African States (ECOWAS), with trade agreements aimed at regional integration.   Liberia also has bilateral trade agreements with countries like China, offering duty-free access for most Liberian goods.   In summary, Liberia is currently facing a new 10% tariff on its exports to the United States, which poses a threat to its preferential access under AGOA and could negatively impact its economy. Liberia, in turn, faces a 10% tariff on goods imported from the U.S. The long-term effects on the trade relationship and Liberia's overall economic development remain to be seen.

US Negotiation Strategy

Based on recent trade data, the top imports to the US from Liberia are: Rubber ($62.95 Million in 2024): This constitutes the vast majority of imports from Liberia. Pearls, precious stones, metals, coins ($7.70 Million in 2024): This category likely includes raw materials. Commodities not specified according to kind ($1.26 Million in 2024): This is a general category for goods not fitting elsewhere. Animal, vegetable fats and oils, cleavage products ($931.72K in 2024): This suggests some agricultural exports or byproducts. Articles of apparel, not knit or crocheted ($283.72K in 2024): Small amounts of clothing. Regarding which states in the US can manufacture the same or similar products, here's a breakdown: Rubber: States: Ohio, Indiana, Michigan, Pennsylvania, North Carolina, South Carolina, and Alabama have significant rubber and tire manufacturing industries. Companies: Goodyear Tire & Rubber Company: Headquartered in Ohio, with plants in various states.   Firestone (Bridgestone Americas): While historically operating a large plantation in Liberia, their manufacturing in the US is significant, with plants in states like Tennessee, Arkansas, and South Carolina. Michelin North America: Has manufacturing facilities in South Carolina, North Carolina, and Alabama. Continental Tire the Americas: Operates plants in states like Mississippi and South Carolina.   Pearls, precious stones, metals, coins: This is a broad category encompassing mining and processing. States (Mining/Extraction): Nevada (gold, silver), Arizona (copper, precious stones), Montana (precious metals), Alaska (gold), California (gold, precious stones), and various other states have mining activities. States (Processing/Manufacturing): Rhode Island (jewelry manufacturing), New York (jewelry district), California (jewelry and metal fabrication), and various states with refineries and metal processing plants. Companies: Newmont Corporation: Mining operations in Nevada, Colorado, and other states. Freeport-McMoRan: Mining operations in Arizona and other states.   Numerous smaller jewelry manufacturers and precious metal dealers are concentrated in states like New York and Rhode Island. Animal, vegetable fats and oils, cleavage products: This relates to agriculture and chemical processing. States (Agriculture/Processing): Iowa, Illinois, Indiana, Kansas, Nebraska, and other Midwestern states are major producers of soybeans and corn, which are processed into oils. Coastal states may have fish oil processing. Companies: Cargill: Has processing facilities across numerous states in the Midwest. Archer Daniels Midland (ADM): Similar widespread processing in agricultural states. Articles of apparel, not knit or crocheted: States (Manufacturing): While much apparel manufacturing has moved offshore, some specialized and higher-end production remains in states like California, New York, and North Carolina. Companies: While large-scale production might be overseas, smaller design houses and niche manufacturers exist in the aforementioned states. Examples are harder to pinpoint to single large entities focusing solely on non-knitted/crocheted imports from Liberia, given the small volume. It's important to note that the scale of US manufacturing in these sectors is vastly larger and more complex than the import volume from Liberia. The US imports from Liberia are primarily raw or minimally processed materials, particularly rubber. The US manufacturing sector takes raw materials from various global and domestic sources and produces finished goods.

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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