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Montserrat

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
0
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.01
0.01
0.01

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

Trade.Gov Fact Sheet

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.

Tariff rate, applied, weighted mean, all products (%)

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.

Trading Economics - Imports

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs concerning Montserrat: United States Tariffs and Montserrat: 10% Baseline Tariff: Effective April 5, 2025, the United States imposed a 10% tariff on imports from all countries, including Montserrat. This was announced as a baseline tariff under an executive order.   "Discounted Reciprocal Tariffs": While the initial announcement included the possibility of higher "reciprocal tariffs" for countries with large trade deficits with the U.S., Montserrat is listed with a 10% "discounted reciprocal tariff" rate. 90-Day Pause (Most Countries): On April 9, 2025, the U.S. announced a 90-day pause on the higher reciprocal tariffs for most countries. Montserrat is included in this pause. Therefore, the effective tariff rate from the U.S. on imports from Montserrat is currently the baseline 10%. Impact on Montserrat: Increased Import Costs: Montserrat imports significantly more than it exports and relies heavily on goods from the United States. This 10% tariff will likely increase the cost of essential goods for local businesses and residents, potentially leading to higher prices for consumers.   Threat to CBI: The Caribbean Basin Initiative (CBI), which previously granted preferential treatment to Caribbean exports (including Montserrat), is under threat due to this new tariff policy. The tariffs undermine the CBI's goal of strengthening U.S.-Caribbean ties through trade.   Limited Retaliation Options: As a smaller economy heavily reliant on imports, Montserrat has limited options for retaliating against the U.S. tariffs. Focus on Diversification: The government of Montserrat is being urged to increase local food production and explore trade routes that bypass the U.S. to mitigate the impact of these tariffs. Montserrat's Own Tariffs and Trade Policy: Montserrat is a member of CARICOM (Caribbean Community) and participates in regional trade agreements within this framework.   The Montserrat Customs and Revenue Service (MCRS) is responsible for collecting customs duties and taxes. They aim to facilitate trade while ensuring compliance with relevant laws.   Montserrat generally applies the CARICOM Common External Tariff (CET) on goods imported from outside the region. The CET is a schedule of tariff rates applied by all CARICOM member states to goods imported from third countries. The specific rates vary depending on the type of goods.   There are specific regulations regarding items like firearms and animals being brought into Montserrat, requiring declaration to customs.   Returning residents and visitors are allowed to bring in reasonable quantities of personal effects duty-free, within specified limits for items like alcohol and tobacco.   Key Takeaway: Montserrat is currently subject to a 10% tariff on its exports to the United States due to the recent U.S. trade policy changes. This is expected to negatively impact the local economy by increasing import costs. Montserrat is also part of the CARICOM trade framework and applies the Common External Tariff to imports from outside the region.

US Negotiation Strategy

Based on available trade data, particularly from 2020 and 2023, the top imports to the US from Montserrat include: Sand: Used for construction and other purposes. Insulated Wire: Used in electrical applications. Pepper (Hot Peppers): An agricultural product. Electrical Transformers: Components in electrical power systems.   Liquid Pumps: Machinery for moving fluids. Lifting Machinery: Equipment for moving heavy loads. Commodities not elsewhere specified: This is a broad category that can include various manufactured or raw goods not fitting into specific classifications. Electrical Machinery and Equipment and Parts Thereof: A wide range of electrical components and devices. It's important to note that the overall value of imports from Montserrat to the US is relatively small. Here are some US states that can manufacture similar products, along with examples of companies: Sand and Gravel: Many states have significant mining and quarrying operations for sand and gravel. Examples include Texas (e.g., U.S. Concrete), California (e.g., CalPortland), Michigan (e.g., Aggregate Industries), and Florida (e.g., Vulcan Materials Company). Insulated Wire: Indiana: Essex Furukawa Magnet Wire. Georgia: Southwire Company.   Rhode Island: Okonite. North Carolina: Prysmian Group. Pepper (Hot Peppers) and other Agricultural Products: California: A major agricultural state producing a wide variety of fruits and vegetables, including peppers (e.g., various independent farms and large agricultural companies).   New Mexico: Known for its chili peppers (e.g., various local growers and processors). Texas: Also has a significant agricultural sector, including pepper production (e.g., numerous farms).   Many other states have agricultural production depending on the specific climate and crop. Electrical Transformers: North Carolina: ABB, Siemens Energy. Tennessee: ERMCO (Electric Research and Manufacturing Cooperative). While its corporate headquarters is in Indiana, its largest manufacturing facility is in Dyersburg, Tennessee. Missouri: Central Moloney Transformer. Pennsylvania: Schneider Electric. Liquid Pumps: Ohio: Gorman-Rupp Company. Michigan: Flowserve Corporation. Illinois: ITT Inc. California: Grundfos. Lifting Machinery: Wisconsin: Manitowoc Cranes. Illinois: Caterpillar Inc. (produces heavy lifting equipment). Pennsylvania: The Will-Burt Company (produces telescoping masts and towers). Iowa: Deere & Company (produces construction and forestry equipment with lifting capabilities).   Electrical Machinery and Equipment and Parts Thereof: California: A hub for electronics and electrical equipment manufacturing, including semiconductor companies like Intel and NVIDIA, and other electrical component manufacturers.   Texas: Growing in electrical equipment manufacturing, with companies like Texas Instruments. Massachusetts: Strong in high-tech and electrical equipment. New York: Has manufacturers of various electrical components. It's important to understand that while these US states and companies can manufacture similar types of goods, the specific characteristics, quantities, and intended uses might differ from the products imported from Montserrat. Additionally, the US likely imports these goods from various countries based on cost, specialization, and existing trade relationships.

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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