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theboardiQ Tariffs Dashboard:
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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.
Implications
This update covers the significant escalation in US tariffs on China, the status of US trade agreements, the major shift in US policy toward Syria, and the impact on companies and markets, as of November 2025.
1. US Tariffs Update: China Escalation
The temporary trade truce between the US and China has decisively ended, with a massive escalation in trade duties announced.
Tariff/Action | Status (November 2025) | Key Details |
New US Tariff on China | 100% (Threatened) | Announced by President Trump, effective November 1, 2025. This is an additional tariff on virtually all Chinese goods, on top of existing duties. |
Current Implemented US Tariffs | ~30% (Varies by product) | This includes the existing baseline "reciprocal tariff" and the separate "fentanyl" tariff. If the 100% tariff is implemented, the total rate would be ≈130%. |
Trigger | China's Export Controls | The move was a direct response to China's new, stringent export controls on rare earth minerals, which are critical for US high-tech, defense, and EV industries. |
China's Countermeasures | New Controls & Retaliation | China warned it will take "resolute measures" if the 100% tariff is implemented. It also announced new port fees on U.S. ships and continues to tighten export controls on rare earths. |
Other Implemented Tariffs | 25% on Trucks | A 25% tariff on all imported medium and heavy-duty trucks from all countries is also set to take effect on November 1, 2025. |
2. Deals and Agreements Update
Trade policy remains focused on bilateral actions and specific-sector agreements, as broader multilateral deal-making is on hold.
Trading Partner/Agreement | Status (November 2025) | Key Details |
China Trade Deal | Truce Expired/Talks Stalled | The tentative truce that lowered tariffs over the summer has broken. The focus is now on whether the two sides can prevent the new tariffs from taking effect before a scheduled meeting. |
European Union (EU) & Japan | Framework Agreements | The Administration continues to implement framework agreements reached over the summer to manage tariffs on automobiles, steel, and aluminum, offering some relief from broader duties. |
Global Baseline Tariffs | 10% (Implemented) | The 10% Universal Baseline Tariff on most goods from nearly all non-sanctioned countries remains in effect. |
Product-Specific Tariffs | New Tariffs Implemented | New duties have been imposed on a range of products, including: softwood lumber (10%), upholstered furniture (25%), and kitchen cabinets/vanities (25%), with scheduled increases in 2026. |
3. Syria Sanctions and Trade Status
A major shift in US policy occurred over the summer, significantly relaxing sanctions on Syria.
Policy Area | Status (November 2025) | Key Details |
Comprehensive Sanctions | Revoked (Effective July 1, 2025) | The US lifted the decade-plus-long comprehensive economic sanctions on Syria, removing all Syrian financial institutions (including the Central Bank of Syria) from the SDN list. |
Export Controls | Significantly Eased | The Commerce Department eased licensing requirements, allowing for the export and re-export of most non-military items (EAR99) to Syria without a specific license. This facilitates commerce in food, medicine, and communications devices. |
Targeted Sanctions | Retained | While broad sanctions are lifted, the US maintains targeted sanctions and export controls on the former regime of Bashar al-Assad and associated human rights abusers, drug traffickers (Captagon), and other destabilizing actors. |
4. Companies Impact and Market Reaction
The renewed hostilities between the US and China have created significant turbulence and uncertainty for global business.
Sector/Indicator | Impact | Details |
Stock Market | Sharp Declines/Volatile | Fears of a full-scale trade war caused major US stock indexes (S&P 500, Dow Jones, Nasdaq) to drop sharply following the tariff threat. |
Supply Chain/Tech | Major Disruption Expected | Companies relying on China for rare earth minerals (used in electronics, EVs, and defense) and those in the tech sector are facing the greatest risk due to the threatened 100% tariffs and new US export controls on "critical software." |
US Consumers | Higher Prices Expected | The imposition of massive tariffs on consumer goods, in addition to new tariffs on furniture and trucks, is expected to lead to a significant increase in prices for imported products. |
Third-Party Countries | Potential Beneficiaries | Exporters in countries like India are seeing a potential market shift, as US buyers seek alternative, lower-tariff supply sources for textiles, toys, and electronics. |
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 |