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Myanmar

US Revised Tariffs (%)

10

Ease of doing business

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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.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
44
10
0.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.08
0.66
-0.58

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 Sunday, April 20, 2025, here is the latest update on tariffs concerning Myanmar (Burma): United States Tariffs on Myanmar: Reciprocal Tariff: Myanmar is subject to a 45% ad valorem reciprocal tariff imposed by the United States.   Effective Date: This tariff was initially scheduled to take effect on April 10, 2025, but has been delayed until July 9, 2025. Rationale: These "reciprocal tariffs" are part of a broader trade policy by the U.S. aimed at countries with trade imbalances, intending to create a more "mutually beneficial balance of trade." The specific justification for the 45% rate for Myanmar considers factors beyond just the trade deficit. Impact Concerns: The imposition of such a high tariff (among the steepest announced) has raised significant concerns about its potential to severely harm Myanmar's already fragile economy, particularly its garment industry, a major employer. This is especially concerning given the country is also recovering from a recent devastating earthquake and ongoing political turmoil. Myanmar's Trade Policy: Myanmar has historically pursued trade liberalization to integrate into global markets.   Key reforms have included reducing export taxes on certain goods and progressively reducing customs duties. However, the political instability following the 2021 military coup has led to some restrictive policies, including foreign exchange controls and increased import restrictions.   Recent Developments: The U.S. initially announced the 45% tariff in early April 2025 as part of a wider imposition of reciprocal tariffs on numerous countries.   Garment manufacturers in Myanmar have warned that these tariffs could severely impede the country's recovery from the recent earthquake, threatening jobs in a vital sector.   There has been criticism of the U.S. imposing such high tariffs on a poor country already facing significant challenges. In summary, while the 45% tariff by the United States on imports from Myanmar has been delayed until July 9, 2025, its potential impact on Myanmar's economy, especially the garment industry and overall recovery efforts, remains a significant concern. Myanmar's own trade policies have seen shifts towards more restrictions following the political changes in recent years.

US Negotiation Strategy

As of late April 2025, the top imports to the US from Myanmar (also known as Burma) include: Articles of apparel, not knit or crocheted: ($159.55 Million in 2024) This includes items like trousers, shirts, blouses, skirts, jackets, and similar clothing made from woven fabrics. Articles of leather, animal gut, harness, travel goods: ($152.52 Million in 2024) This category covers products such as luggage, handbags, wallets, belts, and other leather accessories. Articles of apparel, knit or crocheted: ($85.56 Million in 2024) This includes t-shirts, sweaters, socks, and other clothing made from knitted or crocheted fabrics. Electrical, electronic equipment: ($50.29 Million in 2024) This is a broad category that can include various electronic components and devices. Fish, crustaceans, molluscs, aquatic invertebrates: ($43.23 Million in 2024) This includes various types of seafood. Footwear, gaiters and the like: ($43.01 Million in 2024) This includes shoes of various materials. Headgear and parts thereof: ($32.18 Million in 2024) This includes hats, caps, and other head coverings.   Regarding which states in the US can manufacture the same goods and examples of companies: Articles of apparel (knit and not knit): The US has a significant textile and apparel manufacturing industry, although it has decreased over the years due to globalization.   North Carolina: Has a long history in textile manufacturing and still has companies producing various types of fabrics and apparel. Examples include Parkdale Mills (yarns and fabrics) and smaller cut-and-sew operations.   South Carolina: Similar to North Carolina, with a strong presence in textiles, including companies like Milliken & Company (diversified textiles). California: Has a garment industry, particularly in Los Angeles, focusing on fashion apparel. Numerous smaller design and manufacturing houses exist.   Other states with textile and apparel manufacturing include Georgia, Alabama, and Pennsylvania. Companies range from large fabric producers to smaller clothing manufacturers.   Articles of leather, animal gut, harness, travel goods: The US still has manufacturers of leather goods.   Texas: Has a history of leatherworking, particularly for Western wear and accessories. Companies like Justin Brands (boots) produce leather goods.   Missouri: Has a strong tradition in leather tanning and manufacturing, with companies like Hermann Oak Leather Co. (tannery) supplying leather for various products.   Massachusetts: Home to companies like Tanner Goods (leather accessories), focusing on higher-end leather products. Numerous smaller workshops and artisans across the US also produce leather goods. Electrical, electronic equipment: The US has a substantial electronics manufacturing sector, although many consumer electronics are imported. California: Silicon Valley is a global hub for technology and electronics, with companies like Apple and Intel designing and manufacturing various electronic components and devices (though often outsourced for final assembly).   Texas: Has a growing technology sector with significant manufacturing of semiconductors and other electronic equipment by companies like Texas Instruments and Samsung Austin Semiconductor.   Massachusetts: A center for high-tech manufacturing and electronics, including companies in defense and medical electronics like Raytheon Technologies and Boston Scientific. Other states with electronics manufacturing include Oregon, Arizona, and North Carolina.   Footwear: While a significant amount of footwear is imported, some manufacturing remains in the US, often focusing on specialized or high-quality products. Maine: Has a history of shoemaking, with companies like New Balance having some production facilities in the state. Massachusetts: Also has New Balance factories and other smaller footwear manufacturers.   Oregon: Headquarters of Nike and Columbia Sportswear, with some limited domestic manufacturing or specialized product lines.   Several smaller companies across the US produce niche footwear, such as work boots or custom shoes. Headgear: The US has manufacturers of hats and other head coverings.   Numerous smaller companies across various states specialize in different types of headwear, from fashion hats to industrial safety helmets. Specific state-level concentrations are less pronounced compared to other categories. Fish, crustaceans, molluscs, aquatic invertebrates: This is a natural resource industry rather than manufacturing in the traditional sense. Various coastal states have significant fishing and seafood processing industries. Alaska: A major center for commercial fishing.   Washington: Strong in salmon and other seafood.   Massachusetts: Historically significant for fishing.   Louisiana: Important for Gulf Coast seafood. Many other coastal states have active fishing and seafood processing sectors. Companies range from large fishing fleets and processors to smaller local operations. It's important to note that while the US has the capacity to manufacture similar types of goods, the scale of domestic production for some categories, particularly apparel and footwear, may not fully meet the demand currently filled by imports from countries like Myanmar due to cost competitiveness and other factors.

Investing in USA

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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