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Uruguay

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
4.8
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
1.65
1.23
0.42

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 update on tariffs concerning Uruguay: United States Tariffs on Goods from Uruguay: Baseline Tariff: As part of the widespread tariff adjustments initiated by the U.S., a baseline tariff of 10% is currently in effect for imports from Uruguay, as it is for most countries excluding China, Hong Kong, and Macau. This came into effect on April 5, 2025.   "Reciprocal Tariffs": Uruguay was included in the 90-day pause on the higher "reciprocal tariffs" that went into effect on April 9, 2025, for most countries with trade imbalances. Therefore, the higher, specific tariff rates calculated based on the trade deficit are not currently applied to imports from Uruguay. The tariff rate has reverted to the baseline 10% during this pause. Pre-existing Tariffs: It's important to note that some specific goods from Uruguay may have had pre-existing tariffs before these recent broad changes. To find the exact tariff rate for a specific product, you would need to consult the Harmonized Tariff Schedule of the United States (HTS US) using the product's HS code. Resources like the World Bank's WITS database can provide data on Most Favored Nation (MFN) and applied tariffs. For example, data from 2022 shows various MFN and applied tariff rates for different categories of goods imported by the U.S. from Uruguay, ranging from 0% to 7.5%.   Uruguay's Perspective: Uruguayan President Yamandú Orsi expressed hope on April 3, 2025, for dialogue with the U.S. government to work out tariff issues, noting that countries like Mexico and Canada were exempted from the higher tariffs, suggesting room for negotiation. He advocated for "diplomatic intelligence" to defend Uruguay's national interests. The Uruguayan industrial union (CIU) expressed concern in February 2025 about potential "trade wars" and their impact, even though Uruguay was not initially specifically targeted by the highest tariff announcements. Trade Relationship Overview: The United States and Uruguay have a Trade and Investment Framework Agreement (TIFA) established in 2007, which serves as the primary mechanism for bilateral trade and investment discussions. The Council on Trade and Investment under the TIFA last met in 2021, where they announced the intention to review and update the agreement. Discussions were reportedly ongoing as of earlier in 2024.   The U.S. is a significant trading partner for Uruguay, being the fourth-largest buyer of Uruguayan goods in 2024 and the top market for services exports, particularly IT services. Main Uruguayan exports to the U.S. include beef, wood, citrus, and IT services. Main U.S. exports to Uruguay include refined oil, plastics, chemical substances, and machinery.   Key Takeaway: Currently, Uruguay is subject to the 10% baseline tariff imposed by the United States. The higher "reciprocal tariffs" are paused for Uruguay for 90 days. The long-term tariff relationship will likely depend on ongoing diplomatic efforts and any potential new trade agreements or adjustments to the U.S.'s global trade policy. Uruguay hopes to negotiate a more favorable tariff arrangement with the U.S.   It's important to remember that this information is current as of April 19, 2025, and trade policies can change. Continuous monitoring of official trade announcements and tariff schedules is recommended for businesses involved in trade between the two countries.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Uruguay by value are: Meat and edible meat offal ($579.09 Million) States with significant meat processing: Texas (Tyson Foods, JBS USA), Nebraska (Cargill Meat Solutions, Greater Omaha Packing), Kansas (National Beef Packing Company, Creekstone Farms) . Pulp of wood, fibrous cellulosic material, waste ($194.46 Million) States with significant pulp and paper manufacturing: Georgia (Georgia-Pacific, International Paper), Washington (Weyerhaeuser, WestRock), Alabama (Resolute Forest Products, Domtar). Wood and articles of wood, wood charcoal ($93.94 Million) States with significant wood product manufacturing: Oregon (Roseburg Forest Products, Seneca Creek Sustainable Lumber), North Carolina (Ashley Furniture Industries, Louisiana-Pacific), Washington (PotlatchDeltic, Boise Cascade). Animal, vegetable fats and oils, cleavage products ($84.16 Million) States with significant oilseed processing and vegetable oil production: Illinois (Archer Daniels Midland (ADM), Bunge), Iowa (Cargill, Land O'Lakes), Indiana (Louis Dreyfus Company). Meat, fish and seafood preparations ($74.50 Million) States with significant food processing: California (Nestlé USA, Conagra Brands), Wisconsin (Kraft Heinz, Sargento Foods), Minnesota (General Mills, Hormel Foods). It's important to note that while these US states have companies involved in the manufacturing of similar product categories, the specific types, qualities, and processing methods may differ from those imported from Uruguay. Additionally, the US might import these goods from Uruguay due to factors like cost-effectiveness, specific product characteristics (e.g., grass-fed beef), or established 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.

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