top of page

Trinidad and Tobago

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.

david-whipple-mU-wz7JlJMc-unsplash_Ravid.jpg
Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
7.5
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
2.94
3.33
-0.39

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 Saturday, April 19, 2025, here's the latest information regarding tariffs related to Trinidad and Tobago: Trinidad and Tobago's Own Tariffs: Average Tariff Rates: In 2022, the simple average tariff across all products imposed by Trinidad and Tobago was 9.02%, while the trade-weighted average tariff was 7.51%. The maximum tariff rate on any product was 78.84%.   Duty-Free Imports: In 2022, Trinidad and Tobago had $3,339.4 million in duty-free imports, representing 47.37% of all tariff lines.   Common External Tariff (CET): As a member of the Caribbean Community (CARICOM), Trinidad and Tobago applies the CARICOM Common External Tariff (CET) on goods imported from outside the CARICOM region. The CET can have import tariffs of up to 20% on some goods. Certain items like books, CDs, computer hardware and software, and scanners enter tariff-free under the CET. Some items like auto parts, DVD players, and jewelry face a 30% tariff.   Recent Changes: There have been recent legal notices regarding the CET, including orders for increases and suspensions of duties. For example, Legal Notice No. 364 of 2023 suspended some CET duties. United States Tariffs on Imports from Trinidad and Tobago: Caribbean Basin Trade Partnership Act (CBTPA): Trinidad and Tobago is a beneficiary country under the CBTPA. Goods that meet the rules of origin criteria under CBTPA are eligible for duty-free or reduced duty treatment when imported directly into the U.S.   Trump's "Reciprocal Tariffs": While the U.S. announced a baseline tariff of 10% on most imports and higher "reciprocal tariffs" for countries with trade imbalances, Trinidad and Tobago was listed with a "U.S.A. Discounted Reciprocal Tariff" of 10% in initial reports. This suggests that the U.S. tariffs applied to Trinidad and Tobago would likely be at this baseline level during the 90-day pause (excluding China, Hong Kong, and Macau).   Overall Low Tariffs: Data from 2022 indicates that the average tariff imposed by the United States on imports from Trinidad and Tobago was low (specific percentages vary by product), with many items entering duty-free. Key Trade Agreements for Trinidad and Tobago: Trinidad and Tobago participates in several trade agreements, both as a member of CARICOM and through bilateral arrangements. These include:   CARICOM Agreements: With countries like Venezuela, Colombia, Cuba, Dominican Republic, and Costa Rica.   Bilateral Agreements: With Panama.   Preferential Arrangements: Under the Caribbean Basin Economic Recovery Act (CBERA) with the United States. Economic Partnership Agreement (EPA): With the European Union (as part of CARIFORUM) and a separate agreement with the United Kingdom.   Bilateral Investment Treaties: With countries like the United States and Canada.   Finding Specific Tariff Rates: The TTBizLink portal has an HS Code & Tariff Finder tool where you can search for specific tariff rates applicable to goods imported into Trinidad and Tobago. You can search using the HS code or a product description.   The World Trade Organization (WTO) also provides tariff profiles and schedules for its members, including Trinidad and Tobago.   The U.S. Harmonized Tariff Schedule (HTS) outlines the specific duty rates for goods imported into the United States, including those from CBTPA beneficiary countries like Trinidad and Tobago.   In summary, as of April 2025, Trinidad and Tobago applies its own tariff schedule, influenced by the CARICOM CET. Goods from Trinidad and Tobago entering the U.S. generally benefit from low or zero tariffs under the CBTPA, and it appears the recent U.S. tariff actions have primarily resulted in the baseline 10% tariff for most goods from Trinidad and Tobago during the current pause. For precise tariff rates on specific products, it is best to consult the official tariff schedules and the TTBizLink portal.

US Negotiation Strategy

Based on the latest available data from 2024, the top imports to the US from Trinidad and Tobago by value are: Mineral fuels, oils, distillation products ($1.83 Billion) - This category includes crude oil and liquefied natural gas (LNG), which constitute a significant portion of the imports. Iron and steel ($649.95 Million) - This includes various forms of iron and steel. Inorganic chemicals, precious metal compound, isotope ($427.06 Million) - This covers a range of chemical products. Organic chemicals ($207.46 Million) - Another significant chemical import category. Fertilizers ($205.25 Million) - Primarily nitrogenous fertilizers. Here’s a look at which states in the US have manufacturing capabilities in these sectors, along with examples of companies: Mineral Fuels, Oils, Distillation Products: Texas: A major hub for the oil and gas industry, with numerous companies involved in refining and processing crude oil and natural gas (e.g., ExxonMobil, Chevron, Shell).   Louisiana: Another significant state in the oil and gas sector, with extensive refining and processing facilities (e.g., Marathon Petroleum, Valero Energy).   California: Has a substantial oil and gas industry, including refining and some crude oil production (e.g., Chevron, Phillips 66).   Other states with oil and gas infrastructure include Alaska, Oklahoma, and Pennsylvania.   Iron and Steel: Indiana: Has a significant steel production industry (e.g., NLMK Indiana, Steel Dynamics).   Ohio: Another major steel-producing state with a long history in the industry (e.g., Cleveland-Cliffs, U.S. Steel).   Pennsylvania: Also has a strong presence in steel manufacturing (e.g., U.S. Steel, ArcelorMittal).   Other states with steel production include Illinois, Alabama, and Michigan.   Inorganic and Organic Chemicals: Texas: A leading state in chemical manufacturing, with a vast network of petrochemical plants (e.g., Dow Chemical, BASF, LyondellBasell). Louisiana: Along with Texas, has a large concentration of chemical manufacturing facilities (e.g., Westlake Chemical, Sasol).   New Jersey: Has a significant pharmaceutical and chemical industry (e.g., Johnson & Johnson, Merck). Other states with substantial chemical manufacturing include California, North Carolina, and Illinois. Fertilizers: Iowa: A major agricultural state with fertilizer production facilities (e.g., CF Industries, Nutrien).   Nebraska: Another key agricultural state with fertilizer manufacturing (e.g., Mosaic Company, Koch Agronomic Services).   Illinois: Has fertilizer production to support its large agricultural sector (e.g., Nutrien, Yara).   Other states with fertilizer production include Indiana, Kansas, and Minnesota.   It's important to note that while these states have the capacity to manufacture similar types of goods, the specific grades, quantities, and types of these products might differ from those imported from Trinidad and Tobago. Additionally, the US market often relies on a global supply chain, and imports can be competitive due to factors like cost, specific product characteristics, and existing trade relationships.

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.

theboardiQ Logo

Economic
Relevance
Ranking

Get Great Talent. Subscribe.

Thanks for subscribing!

265 Garnet Dr 

Livermore, CA 94550

  • Youtube
  • LinkedIn
  • X
  • Facebook
bottom of page