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.
Implications
Status for Turkmenistan, along with the broader impact on companies.
1. Deals and Agreements: Turkmenistan
Area | Status (October 2025) | Key Details |
Bilateral Trade Agreements | No Free Trade Agreement (FTA) or Bilateral Investment Treaty (BIT) | Turkmenistan does not have an FTA or BIT with the United States. Its trade relations are governed by standard World Trade Organization (WTO) Most Favored Nation (MFN) rates, in addition to the new general US tariff policies. |
Current US Tariff Rate | 10% Reciprocal Tariff (Implemented) | Turkmenistan is subject to the 10% baseline "reciprocal tariff" that applies to most countries not on a country-specific Annex list. This is in addition to its standard MFN tariff rate. |
Investment Climate | High Risk | The US State Department cites major impediments to investment, including nearly total government control of the economy, strict currency controls, and opaque bureaucratic processes. |
Trade Volume | Relatively Low | Total US goods trade with Turkmenistan was estimated at $93.5 million in 2024, with the US holding a goods trade surplus of $64.2 million. |
2. General US Tariffs Update (Affecting Companies Globally)
The US tariff policy is governed by a combination of new "reciprocal tariffs" and existing product-specific tariffs (like Section 232 and Section 301).
Tariff Type | Target | Current Rate/Action | Company Impact |
Reciprocal Tariff | Most Global Imports (including Turkmenistan) | 10% Baseline | This new tariff increases the cost of nearly all imported goods, regardless of origin, raising input and consumer costs for most companies. |
Section 232 Tariffs (New & Raised) | Specific Goods (Steel, Aluminum, Auto Parts, Copper, Trucks, Furniture) | Raised to 25% - 50% (for Steel, Aluminum, Copper, and Auto Parts) 25% on imported Medium/Heavy-Duty Trucks (effective Nov 1, 2025) 25-50% on Furniture/Cabinets (phasing in) | Impacts U.S. manufacturers relying on these materials (e.g., auto, construction) and importers/retailers of furniture and trucks. |
De Minimis Exemption | All Countries | Suspended (Effective August 2025) | Small, low-value shipments (previously under $800) are no longer duty-free. This creates massive logistical and cost burdens for e-commerce and smaller companies that rely on direct-to-consumer imports. |
Threatened Pharma Tariff | Branded/Patented Pharmaceuticals | 100% (Threatened) | Significant pressure on global pharmaceutical companies to establish domestic US manufacturing facilities to avoid the massive duty. |
3. Broad Company Impact
Analysis of the 2025 tariff regime indicates several key impacts on businesses and consumers:
Increased Costs: The tariffs have significantly raised the cost of imported goods, with a large portion of the cost being borne by U.S. importing companies (importers, retailers) and passed on to U.S. consumers through higher prices on products like furniture and appliances.
Government Revenue Spike: The federal government's tariff revenue has more than doubled, making the tariffs the largest federal tax increase in decades.
Supply Chain Disruption: Companies are accelerating efforts to diversify supply chains away from high-tariff countries, particularly China, to lower-cost manufacturing hubs.
Sector-Specific Hits: Industries relying on high-tariff inputs (like copper, steel, and auto parts) or imports of finished goods (like furniture, as noted in the results) are experiencing significant cost pressures and market uncertainty.
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 |