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South Sudan

US Revised Tariffs (%)

10

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.

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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
0.06
0
0.06

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.

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 South Korea: United States Tariffs on Goods from South Korea: Baseline Tariff: A 10% tariff is currently in effect for imports from South Korea, as part of the baseline tariff applied to nearly all countries by the United States, effective April 5, 2025. "Reciprocal Tariff": A 26% reciprocal tariff was initially slated to take effect on April 9, 2025, on imports from South Korea. 90-Day Pause: However, this reciprocal tariff for South Korea has been delayed until July 9, 2025. During this 90-day pause, South Korean goods are subject to the baseline 10% tariff. Steel and Aluminum: The existing 25% tariffs on steel and aluminum imports into the U.S. remain in effect for South Korea, as these were implemented prior to the recent broad tariff actions. Automobiles: A 25% tariff on non-USMCA compliant vehicles and non-Canadian/Mexican content in USMCA-compliant vehicles also applies. This is a pre-existing tariff. South Korea's Response: South Korea's acting president has indicated that they will not retaliate against the U.S. tariffs, emphasizing the historical alliance and mutual benefits between the two nations.   South Korea dispatched trade envoys to Washington on April 10, 2025, to begin formal discussions regarding the tariffs. Impact and Considerations: The new tariffs, even at the paused 10% level, create uncertainty for South Korean exporters who previously enjoyed largely duty-free access to the U.S. market under the U.S.-Korea Free Trade Agreement (KORUS FTA), which came into effect in 2012 and eliminated duties on most goods.   The auto industry, a significant export for South Korea, faces continued concerns due to the existing 25% tariff on vehicles.   South Korea's acting president has instructed officials to work closely with businesses to analyze the impact of the tariffs and actively engage in negotiations with the U.S. to minimize damage.   In summary, while South Korea initially faced a 26% reciprocal tariff from the U.S., this has been delayed for 90 days, leaving the current tariff at the baseline of 10%. However, pre-existing tariffs on steel, aluminum, and automobiles remain a concern for South Korean exports. Negotiations between the two countries are underway.

US Negotiation Strategy

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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