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Yemen

US Revised Tariffs (%)

10

Ease of doing business

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
10
10
5
1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0

Implications

As of January 2026, the U.S. trade relationship with Yemen is characterized by extreme volatility, influenced more by national security sanctions and Red Sea maritime conflict than by standard tariff schedules. However, under the broader "Reciprocal Tariff" framework enacted in 2025, imports from Yemen are subject to a significant baseline duty.


Latest US Tariffs Update (January 2026)

  • Reciprocal Tariff Baseline: Most goods from Yemen are now subject to a 10%–16% baseline reciprocal tariff (varying by specific product category) as part of the administration's global trade policy initiated in early 2025.

  • De Minimis Change: The "de minimis" exemption (duty-free entry for goods under $800) has been suspended. Small shipments from Yemen that previously entered tax-free now face full duties.

  • Sanctions Overlay: Beyond standard tariffs, the U.S. Treasury continues to designate Yemeni entities (specifically those linked to Houthi/Ansarallah networks) under E.O. 13224, effectively blocking all trade with those specific companies regardless of the tariff rate.


Major Companies Impacted

The impact is asymmetric: U.S. companies face retaliatory threats in the Red Sea, while Yemeni companies face strict financial decoupling.

Company

Impact Type

Details

ExxonMobil / Chevron

Retaliatory Sanctions

Named in Yemen’s "hostile entity" list (Oct 2025). Subject to targeting threats in Red Sea shipping lanes.

ConocoPhillips

Operational Risk

Listed by Sana'a-based authorities as a target for "confrontation" due to U.S. trade policies.

Black Diamond Petroleum

U.S. Sanctioned

Yemen-based importer/exporter blocked by U.S. Treasury for illicit revenue generation.

Global Shipping Lines

Insurance/Cost

Firms like Maersk and Hapag-Lloyd face increased "war risk" premiums and route diversions.

GDP & Economic Impact

  • Yemen GDP: The IMF projects a moderate 0.5% contraction in 2025, with a slow recovery beginning in 2026. However, the halt in oil exports since 2022 remains the primary driver of economic decline, exacerbated by U.S. trade restrictions.

  • U.S. GDP: The direct impact of Yemen tariffs on U.S. GDP is negligible (total trade was only ~$140M in 2024). However, the indirect impact—inflation from Red Sea shipping delays and higher energy costs—is estimated to contribute to a 0.1%–0.5% drag on broader U.S. growth.

  • Humanitarian Cost: Funding cuts and trade barriers have left 21 million Yemenis in need of aid for 2026, with the UN warning of a worsening "funding crunch."


SWOT Analysis: U.S.-Yemen Trade Relations (2026)

Strengths

Weaknesses

• Strong U.S. leverage via financial system control.


• High U.S. trade surplus ($123M in 2024).

• Extremely low trade volume limits economic "carrots."


• Fragmentation of Yemeni government (North vs. South).

Opportunities

Threats

• Potential for "Peace Dividends" if oil exports resume.


• Rebuilding infrastructure through U.S. energy tech.


• Stabilization via Saudi-mediated ceasefire deals.

• Houthi "reciprocal" attacks on U.S. commercial ships.


• Total economic collapse leading to a refugee crisis.


• Deeper Iranian influence through illicit trade networks.


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.

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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