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 updated summary of the latest information on US tariffs, focusing on recent deals, the status of Mayotte, and impacted companies as of October 2025.
1. Deals and Agreements Update (October 2025)
The US has focused its recent trade actions on sector-specific and bilateral negotiations, rather than broad, multilateral deals.
Partner / Sector | Status | Key Details |
China | Truce Ended / Escalation | A temporary truce has fizzled. US-China tensions have spiked with new Chinese export controls on rare earth minerals and a retaliatory US threat of a 100% additional tariff starting November 1, 2025. |
UK, EU, Japan, South Korea, etc. | Preliminary Agreements | The Administration announced preliminary agreements with seven partners (including the UK, EU, Japan, Indonesia, Vietnam, the Philippines, and South Korea) between April and August 2025. These deals often grant some tariff relief or set lower reciprocal rates (e.g., 10% on the UK and 15% on Japan for some goods) compared to the threatened higher rates, in exchange for addressing US concerns. |
Pharmaceuticals | Most-Favored-Nation (MFN) Pricing | The Administration has been negotiating directly with major drug companies (announcing deals with Pfizer and AstraZeneca in Sep/Oct 2025) to lower drug prices in the US to match the lowest price paid by other developed nations. |
Canada / Mexico | USMCA / Reciprocal Tariffs | Goods qualifying under the USMCA are exempt from new reciprocal tariffs. However, other imports from these countries face tariffs (e.g., a 35% rate on some non-USMCA compliant goods from Canada, in addition to a "fentanyl-related" tariff of 25% on Mexican goods). |
Export to Sheets
2. Tariff Status of Mayotte
Country / Territory | Current US Reciprocal Tariff Rate | Basis |
Mayotte | 10% | Mayotte is a French overseas department. It is generally subject to the 10% baseline reciprocal tariff that the US has applied to most global trading partners since April 2025. |
Note: The 10% rate is a new tariff applied across almost all imports from all countries that do not have a specific, higher reciprocal rate or a complete exemption (like USMCA-compliant goods).
3. Companies and Industries Impacted
The new wave of tariffs has caused widespread market disruption, affecting companies based on their reliance on global supply chains and the specific materials targeted.
Industry | Impact / Affected Companies | Key Details |
Furniture / Home Goods | Negative Impact | Companies relying heavily on imported goods, such as Wayfair, Williams-Sonoma, and RH (Restoration Hardware), saw stocks drop on news of an ongoing investigation that could lead to new Section 232 tariffs (e.g., 25% on certain furniture). Domestic manufacturers like La-Z-Boy saw modest gains. |
Retailers (General) | Negative Impact | Retailers like Dollar Tree have warned of pressure on profit margins due to higher import costs from tariffs. Consumers are seeing robust price increases for Chinese-made products like apparel and electronics. |
Technology | Mixed / High Risk | Companies are highly exposed to the US-China trade war. Qualcomm's stock fell on news of a Chinese regulatory probe. China's new rare earth export curbs threaten the supply chain for electronics and military equipment, impacting manufacturers globally. |
Industrial / Chemicals | Negative Impact | Stanley Black & Decker and chemical companies like Dow have shown weakness due to weakening global demand and supply chain disruptions exacerbated by trade wars. |
Rare Earths / Critical Minerals | Positive Impact (US-based) | Companies that mine or process critical minerals in North America, such as MP Materials, Trilogy Metals, and Critical Metals, are seeing their stocks boosted by China's export curbs and the US push for domestic supply security. |
Semiconductors | High Risk | The sector faces US export controls aimed at restricting China's access to advanced chipmaking equipment, causing high uncertainty for firms like Nvidia and TSMC. |
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 |