US tariffs: exposure starts with the product
A tariff announcement names a rate. A business needs to know which shipments incur it, how much of the cost it can pass on, and whether an alternative supplier changes the duty. Country averages help frame the question; they cannot price a shipment.
This tracker pairs the latest available trade-openness readings for 184 economies with annual growth and inflation. Each cell keeps its own year. Use it to select countries for closer investigation, then examine their products and trading partners. The table measures macroeconomic context, rather than a tariff-caused loss of output.
Read the product rules, the country context and the assumptions behind a cost estimate together.
A 10% duty can mean 2% of the basket
An illustrative import basket shows why the product rate and the average charge answer different questions.
2%extra duty as a share of the entire basket
The affected products still incur 10%. The illustration assumes the other $800,000 is exempt from this additional charge; it is not a current tariff schedule.
- Economies with trade data
- 184 Latest available reading for each
- Common-year comparison
- 2025 138 economies in this chart’s comparison pool
- What is measured
- All partners Goods and services · imports + exports
Trade can be several times domestic output
The ten highest trade-to-GDP readings among economies reporting for 2025. This is openness to all trading partners, rather than a ranking of US tariff exposure.
Exports + imports of goods and services / GDP (%)
Bars share a linear scale starting at zero.
Ratios above 100% can reflect re-exports and imported inputs. They do not mean that more than all domestic income is exposed to a tariff.
The policy record: July 2026 changed the baseline
- Temporary surcharge begins
The February proclamation imposes a 10% Section 122 surcharge, subject to exemptions.
- Section 301 action announced
USTR publishes the final action covering 60 partners, with product and country conditions.
- Section 122 end date
The historical surcharge’s specified end date. Its old baseline is not used as a current country rate here.
The February 20 proclamation imposed a temporary 10% Section 122 import surcharge for February 24 through July 24, 2026, with exemptions. Its end date has passed. Treat that proclamation as a historical policy record. Read the proclamation.
USTR announced a final Section 301 action on July 23 covering 60 trading partners, with additional rates of 10% or 12.5% and product exemptions. Final action · Fact sheet. CBP implementation guidance details USMCA exemptions and the treatment of ordinary duties for certain partners. A single country rate omits these conditions.
Editorial review: October 13, 2026. The dated action above is the policy record reviewed for this article; this page does not maintain a complete, continuously updated tariff schedule. For an entry date and product code, check the USITC Harmonized Tariff Schedule and CBP implementation guidance, including Chapter 99 and exemptions.
Three different questions behind an “effective rate”
A product rate is the duty applicable to a classified import under the rules for its origin and entry date. A collected effective rate divides duties collected by the customs value of the selected imports. A modelled rate applies a policy schedule to an assumed import basket. A collected rate can fall as buyers shift to exempt products even while an unchanged shipment still faces the same duty.
Consider a hypothetical $1 million import basket. If $800,000 qualifies for an exemption and $200,000 faces an additional 10% duty, the extra duty is $20,000: 2% of the basket. The affected goods still face 10%. This illustration excludes ordinary duties and other measures; it demonstrates why a low average does not guarantee a low charge for an individual supplier.
A change in growth after a tariff announcement is also not an estimate of its effect. Energy prices, exchange rates, interest rates and domestic demand move at the same time. Establishing causation requires a comparison with what would have happened without the policy, with the assumptions stated.
Country context: trade openness, growth and prices
Trade openness is exports plus imports of goods and services with all partners, divided by GDP. It is neither the share exported to the US nor a measure of goods covered by US tariffs. Re-exports and imported inputs help explain ratios above 100%. World Bank definition.
| Economy | Trade (% of GDP) | Real GDP growth | Annual-average CPI inflation |
|---|---|---|---|
| Hong Kong | 396.6%2025 | 3.8%2026 (IMF projection) | 1.9%2026 (IMF projection) |
| Luxembourg | 349.9%2025 | 1.1%2026 (IMF projection) | 3.0%2026 (IMF projection) |
| San Marino | 341.0%2023 | 1.3%2026 (IMF projection) | 2.8%2026 (IMF projection) |
| Singapore | 320.3%2025 | 5.0%2026 (IMF projection) | 2.3%2026 (IMF projection) |
| Ireland | 240.0%2025 | -1.0%2026 (IMF projection) | 3.4%2026 (IMF projection) |
| Malta | 219.0%2025 | 4.2%2026 (IMF projection) | 2.4%2026 (IMF projection) |
| Djibouti | 206.3%2025 | 5.6%2026 (IMF projection) | 2.3%2026 (IMF projection) |
| U.S. Virgin Islands | 205.6%2022 | Not reported | Not reported |
| United Arab Emirates | 199.0%2023 | -3.9%2026 (IMF projection) | 4.5%2026 (IMF projection) |
| Vietnam | 190.3%2025 | 8.4%2026 (IMF projection) | 4.7%2026 (IMF projection) |
| Cyprus | 189.5%2025 | 2.9%2026 (IMF projection) | 3.7%2026 (IMF projection) |
| Seychelles | 172.3%2025 | 1.0%2026 (IMF projection) | 0.9%2026 (IMF projection) |
| Slovakia | 170.3%2025 | 0.8%2026 (IMF projection) | 3.6%2026 (IMF projection) |
| Nauru | 165.4%2025 | 2.1%2026 (IMF projection) | 5.7%2026 (IMF projection) |
| Aruba | 164.1%2024 | 3.7%2026 (IMF projection) | 1.8%2026 (IMF projection) |
| Bahrain | 157.5%2024 | -11.3%2026 (IMF projection) | 2.2%2026 (IMF projection) |
| Maldives | 156.5%2024 | 1.0%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Estonia | 155.8%2025 | 2.1%2026 (IMF projection) | 3.0%2026 (IMF projection) |
| Lesotho | 154.0%2025 | 1.1%2026 (IMF projection) | 4.6%2026 (IMF projection) |
| Belgium | 152.9%2025 | 0.7%2026 (IMF projection) | 3.8%2026 (IMF projection) |
| Slovenia | 151.9%2025 | 3.2%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Netherlands | 150.1%2025 | 1.5%2026 (IMF projection) | 2.9%2026 (IMF projection) |
| Switzerland | 147.2%2025 | 1.9%2026 (IMF projection) | 0.7%2026 (IMF projection) |
| Lithuania | 142.1%2025 | 2.7%2026 (IMF projection) | 5.4%2026 (IMF projection) |
| Hungary | 140.8%2025 | 1.9%2026 (IMF projection) | 1.9%2026 (IMF projection) |
| Mauritius | 139.9%2025 | 2.7%2026 (IMF projection) | 4.7%2026 (IMF projection) |
| Macao | 139.1%2025 | 3.3%2026 (IMF projection) | 1.8%2026 (IMF projection) |
| Thailand | 138.4%2025 | 2.1%2026 (IMF projection) | 2.1%2026 (IMF projection) |
| Libya | 137.7%2025 | 3.3%2026 (IMF projection) | 14.1%2026 (IMF projection) |
| Malaysia | 136.4%2025 | 5.2%2026 (IMF projection) | 2.2%2026 (IMF projection) |
| Cambodia | 136.1%2025 | 3.0%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| North Macedonia | 133.0%2025 | 3.5%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Mongolia | 130.7%2025 | 6.2%2026 (IMF projection) | 11.0%2026 (IMF projection) |
| Latvia | 129.7%2025 | 2.3%2026 (IMF projection) | 3.6%2026 (IMF projection) |
| Denmark | 129.2%2025 | 3.7%2026 (IMF projection) | 1.8%2026 (IMF projection) |
| Somalia | 128.1%2025 | 2.3%2026 (IMF projection) | 6.3%2026 (IMF projection) |
| Czechia | 128.0%2025 | 1.8%2026 (IMF projection) | 2.1%2026 (IMF projection) |
| Cuba | 124.9%2024 | Not reported | Not reported |
| American Samoa | 124.7%2022 | Not reported | Not reported |
| Brunei | 123.6%2025 | 1.9%2026 (IMF projection) | 0.8%2026 (IMF projection) |
| Fiji | 119.0%2024 | 1.9%2026 (IMF projection) | 4.2%2026 (IMF projection) |
| Antigua and Barbuda | 118.3%2022 | 2.4%2026 (IMF projection) | 3.6%2026 (IMF projection) |
| Kosovo | 118.2%2025 | Not reported | Not reported |
| Marshall Islands | 115.9%2025 | 3.0%2026 (IMF projection) | 8.6%2026 (IMF projection) |
| Oman | 114.9%2024 | 4.1%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| Serbia | 112.9%2025 | 3.3%2026 (IMF projection) | 3.1%2026 (IMF projection) |
| Belarus | 112.1%2025 | 1.9%2026 (IMF projection) | 5.1%2026 (IMF projection) |
| Solomon Islands | 111.4%2024 | 2.7%2026 (IMF projection) | 5.1%2026 (IMF projection) |
| Belize | 109.0%2024 | 1.9%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Namibia | 108.6%2025 | 2.0%2026 (IMF projection) | 4.1%2026 (IMF projection) |
| Eswatini | 107.5%2024 | 3.7%2026 (IMF projection) | 2.9%2026 (IMF projection) |
| Austria | 107.0%2025 | 0.6%2026 (IMF projection) | 3.1%2026 (IMF projection) |
| Palau | 105.8%2024 | 4.3%2026 (IMF projection) | 1.7%2026 (IMF projection) |
| Montenegro | 105.8%2025 | 3.0%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Faroe Islands | 105.8%2024 | Not reported | Not reported |
| Cayman Islands | 105.5%2020 | Not reported | Not reported |
| Sweden | 104.3%2025 | 2.5%2026 (IMF projection) | 1.1%2026 (IMF projection) |
| Guinea | 103.7%2025 | 7.2%2026 (IMF projection) | 6.3%2026 (IMF projection) |
| Bulgaria | 102.5%2025 | 2.6%2026 (IMF projection) | 4.9%2026 (IMF projection) |
| Kiribati | 102.1%2024 | 3.0%2026 (IMF projection) | 4.5%2026 (IMF projection) |
| Armenia | 101.7%2025 | 5.5%2026 (IMF projection) | 4.6%2026 (IMF projection) |
| Tunisia | 101.4%2025 | 2.4%2026 (IMF projection) | 5.5%2026 (IMF projection) |
| Croatia | 101.0%2025 | 2.2%2026 (IMF projection) | 4.5%2026 (IMF projection) |
| Georgia | 100.6%2025 | 7.2%2026 (IMF projection) | 5.4%2026 (IMF projection) |
| Qatar | 100.2%2022 | -15.6%2026 (IMF projection) | 3.6%2026 (IMF projection) |
| Mozambique | 97.1%2025 | 1.0%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Poland | 97.0%2025 | 3.4%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| Nicaragua | 96.4%2025 | 3.8%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Timor-Leste | 95.4%2024 | 4.0%2026 (IMF projection) | 2.1%2026 (IMF projection) |
| Cabo Verde | 95.3%2025 | 5.0%2026 (IMF projection) | 1.2%2026 (IMF projection) |
| Bosnia and Herzegovina | 95.1%2025 | 2.3%2026 (IMF projection) | 5.0%2026 (IMF projection) |
| Mauritania | 94.0%2025 | 4.4%2026 (IMF projection) | 8.0%2026 (IMF projection) |
| Kuwait | 94.0%2024 | -16.7%2026 (IMF projection) | 2.2%2026 (IMF projection) |
| Northern Mariana Islands | 93.2%2022 | Not reported | Not reported |
| Morocco | 93.1%2025 | 4.5%2026 (IMF projection) | 0.9%2026 (IMF projection) |
| Micronesia | 93.1%2025 | 1.4%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| Moldova | 92.7%2025 | 1.5%2026 (IMF projection) | 7.4%2026 (IMF projection) |
| Kyrgyzstan | 92.4%2025 | 9.0%2026 (IMF projection) | 12.7%2026 (IMF projection) |
| Greenland | 91.9%2023 | Not reported | Not reported |
| Republic of the Congo | 91.7%2025 | 3.5%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Honduras | 91.5%2025 | 3.3%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Puerto Rico | 90.5%2025 | -0.1%2026 (IMF projection) | 3.1%2026 (IMF projection) |
| El Salvador | 88.2%2025 | 4.5%2026 (IMF projection) | 2.7%2026 (IMF projection) |
| DR Congo | 87.3%2025 | 5.2%2026 (IMF projection) | 4.3%2026 (IMF projection) |
| Portugal | 86.4%2025 | 2.1%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| South Korea | 86.4%2025 | 3.3%2026 (IMF projection) | 2.7%2026 (IMF projection) |
| Gabon | 84.9%2025 | 3.0%2026 (IMF projection) | 0.8%2026 (IMF projection) |
| Afghanistan | 83.8%2024 | 1.5%2025 | 3.6%2025 |
| Panama | 83.7%2024 | 5.0%2026 (IMF projection) | 1.8%2026 (IMF projection) |
| Greece | 83.5%2025 | 1.8%2026 (IMF projection) | 4.2%2026 (IMF projection) |
| Finland | 83.4%2025 | 1.7%2026 (IMF projection) | 2.4%2026 (IMF projection) |
| Iceland | 82.5%2025 | 1.4%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Lebanon | 82.2%2024 | 4.0%2025 | 14.6%2025 |
| Bermuda | 80.2%2024 | Not reported | Not reported |
| Mexico | 79.9%2025 | 1.5%2026 (IMF projection) | 3.8%2026 (IMF projection) |
| Azerbaijan | 79.8%2025 | 1.7%2026 (IMF projection) | 5.8%2026 (IMF projection) |
| Albania | 79.5%2025 | 3.5%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| Bhutan | 79.4%2024 | 7.0%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Bahamas | 79.2%2024 | 2.5%2026 (IMF projection) | 3.8%2026 (IMF projection) |
| Norway | 79.1%2025 | 1.5%2026 (IMF projection) | 3.2%2026 (IMF projection) |
| Germany | 78.5%2025 | 1.3%2026 (IMF projection) | 2.7%2026 (IMF projection) |
| Tonga | 77.6%2024 | 1.8%2026 (IMF projection) | 3.8%2026 (IMF projection) |
| Ukraine | 77.2%2025 | 1.0%2026 (IMF projection) | 8.9%2026 (IMF projection) |
| Iraq | 77.1%2024 | -16.0%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Paraguay | 76.5%2025 | 4.5%2026 (IMF projection) | 3.1%2026 (IMF projection) |
| Romania | 76.2%2025 | -0.5%2026 (IMF projection) | 8.2%2026 (IMF projection) |
| Equatorial Guinea | 74.9%2025 | -1.7%2026 (IMF projection) | 3.3%2026 (IMF projection) |
| West Bank and Gaza | 74.8%2025 | Not reported | Not reported |
| Vanuatu | 73.4%2024 | 3.5%2026 (IMF projection) | 2.8%2026 (IMF projection) |
| Guam | 71.9%2022 | Not reported | Not reported |
| Costa Rica | 71.5%2025 | 3.3%2026 (IMF projection) | -0.8%2026 (IMF projection) |
| Senegal | 71.1%2025 | 6.7%2025 | 1.4%2025 |
| Samoa | 70.6%2025 | 0.4%2026 (IMF projection) | 1.4%2026 (IMF projection) |
| Botswana | 69.5%2025 | 4.4%2026 (IMF projection) | 7.2%2026 (IMF projection) |
| Spain | 69.5%2025 | 2.5%2026 (IMF projection) | 3.7%2026 (IMF projection) |
| Ghana | 69.0%2024 | 5.7%2026 (IMF projection) | 4.8%2026 (IMF projection) |
| France | 67.2%2025 | 0.4%2026 (IMF projection) | 2.4%2026 (IMF projection) |
| Philippines | 66.8%2025 | 3.4%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Burkina Faso | 65.0%2025 | 4.4%2026 (IMF projection) | 2.1%2026 (IMF projection) |
| Chile | 65.0%2025 | 0.6%2026 (IMF projection) | 3.7%2026 (IMF projection) |
| French Polynesia | 64.5%2024 | Not reported | Not reported |
| Canada | 63.5%2025 | 1.1%2026 (IMF projection) | 2.8%2026 (IMF projection) |
| Zambia | 62.5%2024 | 5.6%2026 (IMF projection) | 8.0%2026 (IMF projection) |
| Italy | 62.5%2025 | 0.8%2026 (IMF projection) | 3.3%2026 (IMF projection) |
| United Kingdom | 62.5%2025 | 1.3%2026 (IMF projection) | 3.3%2026 (IMF projection) |
| The Gambia | 62.2%2025 | 5.1%2026 (IMF projection) | 7.0%2026 (IMF projection) |
| South Africa | 60.9%2025 | 1.0%2026 (IMF projection) | 4.4%2026 (IMF projection) |
| Iran | 60.2%2025 | -7.6%2026 (IMF projection) | 78.6%2026 (IMF projection) |
| Togo | 59.9%2023 | 5.0%2026 (IMF projection) | 1.1%2026 (IMF projection) |
| Ecuador | 59.4%2025 | 2.7%2026 (IMF projection) | 2.0%2026 (IMF projection) |
| Tajikistan | 59.1%2024 | 7.3%2026 (IMF projection) | 4.1%2026 (IMF projection) |
| Saudi Arabia | 57.9%2025 | -3.3%2026 (IMF projection) | 1.9%2026 (IMF projection) |
| Uzbekistan | 57.4%2025 | 7.8%2026 (IMF projection) | 6.9%2026 (IMF projection) |
| Kazakhstan | 57.2%2024 | 4.4%2026 (IMF projection) | 10.3%2026 (IMF projection) |
| Rwanda | 56.7%2025 | 7.4%2026 (IMF projection) | 12.3%2026 (IMF projection) |
| Côte d'Ivoire | 54.6%2025 | 6.0%2026 (IMF projection) | 2.2%2026 (IMF projection) |
| Madagascar | 54.2%2025 | 3.8%2026 (IMF projection) | 8.4%2026 (IMF projection) |
| Israel | 53.0%2025 | 4.5%2026 (IMF projection) | 1.8%2026 (IMF projection) |
| Central African Republic | 52.9%2025 | 2.7%2026 (IMF projection) | 3.5%2026 (IMF projection) |
| Peru | 51.8%2025 | 3.0%2026 (IMF projection) | 3.8%2026 (IMF projection) |
| Dominican Republic | 51.5%2025 | 4.6%2026 (IMF projection) | 5.1%2026 (IMF projection) |
| Egypt | 51.3%2025 | 5.1%2026 (IMF projection) | 13.3%2026 (IMF projection) |
| New Zealand | 50.7%2024 | 2.0%2026 (IMF projection) | 4.1%2026 (IMF projection) |
| Uganda | 50.2%2025 | 6.2%2026 (IMF projection) | 4.2%2026 (IMF projection) |
| Türkiye | 49.9%2025 | 2.7%2026 (IMF projection) | 31.2%2026 (IMF projection) |
| Uruguay | 49.7%2025 | 1.3%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Sierra Leone | 49.1%2025 | 4.0%2026 (IMF projection) | 13.8%2026 (IMF projection) |
| Mali | 48.8%2025 | 5.5%2026 (IMF projection) | 3.0%2026 (IMF projection) |
| Bolivia | 47.0%2024 | -3.0%2026 (IMF projection) | 12.7%2026 (IMF projection) |
| Sao Tome and Principe | 46.6%2025 | 0.4%2026 (IMF projection) | 11.0%2026 (IMF projection) |
| Guatemala | 46.5%2025 | 4.0%2026 (IMF projection) | 3.0%2026 (IMF projection) |
| India | 46.3%2025 | 7.0%2026 (IMF projection) | 5.0%2026 (IMF projection) |
| Chad | 46.1%2025 | 4.5%2026 (IMF projection) | -0.7%2026 (IMF projection) |
| Australia | 45.9%2025 | 1.9%2026 (IMF projection) | 3.9%2026 (IMF projection) |
| Japan | 44.9%2024 | 0.7%2026 (IMF projection) | 2.0%2026 (IMF projection) |
| Indonesia | 43.4%2025 | 5.1%2026 (IMF projection) | 3.3%2026 (IMF projection) |
| Nepal | 42.6%2025 | 3.6%2026 (IMF projection) | 3.1%2026 (IMF projection) |
| Sri Lanka | 41.8%2025 | 4.0%2026 (IMF projection) | 5.3%2026 (IMF projection) |
| Zimbabwe | 41.5%2024 | 5.0%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Comoros | 40.9%2025 | 2.9%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| Guinea-Bissau | 40.9%2025 | 4.7%2026 (IMF projection) | 2.5%2026 (IMF projection) |
| New Caledonia | 40.4%2024 | Not reported | Not reported |
| Malawi | 39.4%2025 | 2.6%2026 (IMF projection) | 21.9%2026 (IMF projection) |
| Algeria | 39.0%2025 | 3.8%2026 (IMF projection) | 6.2%2026 (IMF projection) |
| Tanzania | 39.0%2025 | 6.0%2026 (IMF projection) | 4.0%2026 (IMF projection) |
| China | 38.0%2025 | 4.5%2026 (IMF projection) | 1.0%2026 (IMF projection) |
| Kenya | 37.5%2025 | 4.5%2026 (IMF projection) | 6.0%2026 (IMF projection) |
| Benin | 37.1%2025 | 7.0%2026 (IMF projection) | 0.8%2026 (IMF projection) |
| Syria | 35.4%2022 | Not reported | Not reported |
| Colombia | 35.4%2025 | 2.2%2026 (IMF projection) | 6.0%2026 (IMF projection) |
| Brazil | 35.3%2025 | 2.2%2026 (IMF projection) | 4.4%2026 (IMF projection) |
| Angola | 34.6%2025 | 4.4%2026 (IMF projection) | 10.6%2026 (IMF projection) |
| Niger | 33.9%2025 | 7.0%2026 (IMF projection) | -1.9%2026 (IMF projection) |
| Russia | 33.7%2025 | 0.9%2026 (IMF projection) | 6.1%2026 (IMF projection) |
| Ethiopia | 33.5%2025 | 9.2%2026 (IMF projection) | 11.7%2026 (IMF projection) |
| Cameroon | 33.4%2025 | 3.2%2026 (IMF projection) | 3.4%2026 (IMF projection) |
| Argentina | 30.4%2025 | 2.1%2026 (IMF projection) | 32.5%2026 (IMF projection) |
| Turkmenistan | 28.2%2025 | 2.4%2026 (IMF projection) | 5.6%2026 (IMF projection) |
| Bangladesh | 28.0%2025 | 3.6%2026 (IMF projection) | 8.7%2026 (IMF projection) |
| Pakistan | 27.2%2025 | 3.6%2026 (IMF projection) | 7.1%2026 (IMF projection) |
| United States | 25.0%2024 | 2.3%2026 (IMF projection) | 3.6%2026 (IMF projection) |
| Venezuela | 25.0%2025 | 5.0%2026 (IMF projection) | 467.9%2026 (IMF projection) |
| Haiti | 15.9%2025 | -1.7%2026 (IMF projection) | 21.5%2026 (IMF projection) |
| Sudan | 2.4%2025 | 7.0%2026 (IMF projection) | 41.3%2026 (IMF projection) |
Trade figures come from the World Bank; growth and annual-average CPI inflation come from the IMF WEO. Current-year and future IMF readings carry the site’s projection label. This latest-reading table does not retain the provider release or the original per-value actual/estimate marker; earlier years may also be estimates. Missing figures remain missing.
Build an exposure assessment that can guide a decision
For a sourcing decision, start with product codes, customs origin, entry date, import value and the exemption evidence. Apply the relevant duty rules to each line and aggregate using the value weights. Keep the chosen tariff schedule and assumptions with the result so another analyst can reproduce it.
For a country comparison, add goods exports to the US as a share of total goods exports, the affected product mix, and the domestic value added in those exports. An export hub can have high gross trade and a much smaller amount of domestic income at risk. The openness table identifies where cross-border activity matters; those additional measures identify the channel through which a US policy can matter.
For a company margin scenario, test who pays. An importer that cannot raise selling prices absorbs the duty; a supplier may accept a lower price; customers may switch products. A 10% border duty does not translate automatically into 10% consumer inflation. State the assumed pass-through, exchange rate and substitution response before presenting a revenue or cost estimate.
Compare selected economies · Inspect source differences · Definitions and methodology
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