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Liechtenstein

US Revised Tariffs (%)

15

Ease of doing business

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
15
37
0
1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.07
0.24
-0.18

Implications

As of January 19, 2026, Liechtenstein has moved from a "maximum-pressure" tariff tier into a preferred trade category. Following the November 2025 Framework Agreement, the U.S. has significantly reduced the baseline reciprocal tariffs that previously threatened the Principality’s economy.


🇱🇮 Liechtenstein: US Tariff & Trade Profile (Jan 2026)


1. Current Tariff Rate


  • Effective Rate: 15% Ceiling

  • Mechanism: The U.S. now applies the higher of the Most-Favored-Nation (MFN) rate or a total rate of 15%.


    • If the standard duty is 3%, an additional 12% "Reciprocal Tariff" is added to reach the 15% floor.

    • If the standard duty is already 15% or higher, no additional reciprocal tariff is applied.


  • Exemptions: Over 300 product categories (Annex I) qualify for 0% reciprocal tariffs, including:

    • Generic pharmaceuticals and chemical precursors.

    • Aircraft and aircraft parts.

    • Selected natural resources and agricultural goods.


2. Trade & Deal Status

  • Status: Framework Agreement on Reciprocal Trade (Active/Interim).

  • Deadline: The current 15% rate is contingent on finalizing a permanent "Agreement on Fair, Balanced, and Reciprocal Trade" by March 31, 2026.


  • The "Swiss Link": Because of the 1923 Customs Union, the U.S. treats Liechtenstein and Switzerland as a single customs territory.7 Liechtenstein’s 15% rate is a massive reduction from the 39% baseline initially threatened in early 2025.



3. Major Companies & Sector Impact

Company

Primary Sector

Impact & Strategy

Hilti Group

Construction/Tools

Benefiting from the 15% cap vs. previous 39% threats; managing costs through U.S. distribution hubs.

Ivoclar

Dental/Med-Tech

Major beneficiary of Annex I exemptions for medical/dental devices (near 0% effective rate).

Oerlikon Balzers

Surface Solutions

Impacted by high-tech equipment duties, but stabilizing under the new framework.

LGT Group

Finance

Indirect impact; managing the wealth of industrial clients affected by global trade volatility.

📈 GDP & Economic Impact


  • GDP Growth (2026 Forecast): Growth remains subdued at ~0.6% – 0.8%. While the 15% cap prevented a deep recession, the new "tariff floor" still acts as a headwind compared to pre-2025 levels.

  • Investment Commitment: As part of the deal, Liechtenstein private sector firms have pledged to invest at least $300 million in the U.S. and increase U.S.-based job creation by 50% over the next five years.

  • Trade Deficit Reduction: The U.S. expects this framework to significantly narrow the trade deficit with the Swiss-Liechtenstein customs area by 2028.


Current Risk: The "Greenland" Clause


While Liechtenstein is not currently named in the "Greenland Escalation" (which targets 8 specific EU/EEA nations like Denmark and Germany), its status as an EEA member means any further breakdown in U.S.-European relations could lead the U.S. to "reconsider" the 15% cap during the March 2026 review.

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Balance of Trade

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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.

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.

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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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