Country exposure · LV

Latvia
Europe · Riga · parliamentary republic
What Latvia means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

$610M
U.S. imports, 2025
-3.3%
change in one year
$544M
U.S. exports, 2025
2M
Population
$43.5B
GDP
In your house
What you buy that Latvia makes
America bought $610M in goods from Latvia in 2025. Of every $100 of it, here's where the money went.
Alcoholic beverages, excluding wine
spirits and liquor
Shingles, wallboard
Telecommunications equipment
phones, routers, networking gear
Lumber
lumber for homebuilding
Fish and shellfish
fish, shrimp, shellfish
Electric apparatus
Coal and related fuels
Materials handling equipment
Medicinal equipment
medical devices and equipment
Toys, games, and sporting goods
toys, games, sporting goods
2026 so far (through April): $154M in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).
The other direction
What America sells to Latvia
$544M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.
Natural gas liquids
$75MCivilian aircraft, engines, equipment, and parts
$73MPetroleum products, other
$31MTanks, artillery, missiles, rockets, guns and ammunition
$30MFuel oil
$29MTelecommunications equipment
$27Mphones, routers, networking gear
Alcoholic beverages, excluding wine
$26Mspirits and liquor
Miscellaneous domestic exports and special transactions
$23MNuts
$17MWhere you stand
U.S. tariff posture toward Latvia
Since February 24, 2026 most EU goods face the universal 10% Section 122 temporary import surcharge, which replaced the framework's 15% all-inclusive IEEPA structure when EO 14389 terminated the reciprocal tariffs. The framework's Section 232 terms persist: EU autos at 15%, and the April 2026 metals expansion expressly preserved the EU's trade-agreement-partner treatment (steel and aluminum otherwise at 50%).
The United States negotiates tariffs with the European Union as a single market — every measure here applies to Latvia as an EU member.
Reciprocal tariff (assigned — terminated)
20%
The rate this country was assigned under the EO 14257 reciprocal Annex — no longer in force. The Supreme Court struck down the IEEPA tariffs and they were terminated February 24, 2026 (EO 14389), replaced by a universal ~10% Section 122 surcharge. See the timeline below for the current effective rate.
Section 232 sectors
Autos, Wood
Steel, aluminum, autos, and similar national-security tariffs that name this country.
Policy in motion
Tariff status: a moving target
U.S. tariff policy toward the European Union — and with it Latvia — has changed 11 times since 2025. This page tracks it.
2026-04-06
EU treatment preserved in expanded metals tariffs
In effectThe April 2026 proclamation expanding Section 232 coverage of aluminum, steel, and copper derivatives expressly does not alter or supersede the prior U.S.–EU agreement implementation, and lists the EU among 'Trade Agreement Partners' eligible for its exclusion process.
91 FR 18201 →2026-02-24
IEEPA reciprocal tariffs terminated — replaced by 10% Section 122
In effectExecutive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including those under EO 14257, the basis of the EU's 15% all-inclusive structure — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them. The framework's Section 232 terms (the 15% EU autos cap, metals carve-outs) rest on separate authority and were expressly unaffected.
91 FR 9437 →2025-09-25
Framework implemented: preferential treatment for certain EU goods
In effectActing under the September 8, 2025 procedures order, Commerce and USTR modified the HTSUS to implement the framework — preferential (zero) reciprocal treatment for certain EU goods and a reduction of the Section 232 automobile and parts duty to 15% for EU-origin vehicles.
90 FR 46136 →2025-08-21
U.S.–EU Framework Agreement joint statement
AgreementThe United States and the European Union issued the Joint Statement on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade: the U.S. committed to the 15% all-inclusive ceiling, zero reciprocal duty on certain products, and a cut of the Section 232 automobile duty to 15%; the EU committed to eliminate tariffs on U.S. industrial goods and expand agricultural access, plus $750B in U.S. energy procurement through 2028.
Source ↗2025-08-07
15% all-inclusive structure replaces the 20% rate
In effectThe July 31, 2025 order ('Further Modifying the Reciprocal Tariff Rates') gave the EU a unique structure effective August 7, 2025: for goods with an MFN (Column 1) rate below 15%, the reciprocal duty tops the total up to exactly 15%; goods with an MFN rate of 15% or higher pay no additional reciprocal duty.
Federal Register · 2025-15010 →2025-07-09
Reciprocal-rate pause extended to August 1
In effectThe July 7, 2025 order extended the suspension of country-specific reciprocal rates through August 1, 2025, keeping the EU at the 10% baseline while framework talks continued.
90 FR 30823 →2025-06-04
Section 232 steel and aluminum duties doubled to 50%
In effectThe June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% effective June 4, 2025, with no EU carve-out.
90 FR 24199 →2025-04-10
90-day pause suspends the 20% rate back to 10%
In effectThe April 9, 2025 modification order suspended country-specific reciprocal rates for 90 days for all partners except China, returning the EU to the 10% universal baseline effective April 10, 2025 while negotiations proceeded.
90 FR 15625 →2025-04-09
EU country-specific reciprocal rate of 20% takes effect
In effectAnnex I of Executive Order 14257 assigned the European Union a 20% country-specific reciprocal rate, effective April 9, 2025 — the rate still carried for the EU in the HTS Chapter 99 Subchapter III note.
Federal Register · 2025-06063 →2025-04-05
Universal 10% reciprocal baseline takes effect
In effectExecutive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, including the EU, effective April 5, 2025. The order singled out the EU's 5% average MFN rate and 10% passenger-vehicle tariff as examples of non-reciprocal treatment.
Federal Register · 2025-06063 →2025-03-12
Section 232 steel and aluminum arrangements terminated — 25% duties on EU metals
In effectProclamations of February 10, 2025 ended the EU's tariff-rate-quota arrangements for steel and aluminum and raised the aluminum duty from 10% to 25%, applying 25% Section 232 duties to EU steel and aluminum effective March 12, 2025.
90 FR 9817 →
Made for America
What Latvia makes for America
Latvia is a direct U.S. source of 9 essential goods Americans rely on — the items themselves, shipped finished off the line.
materials
1% of U.S.Lumber and wood products
$110M to the U.S.
food
Beer, wine, and spirits
$68M to the U.S.
digital
Fiber optic cables and networking
$36M to the U.S.
food
Seafood and fish
$32M to the U.S.
materials
Furniture
$12M to the U.S.
digital
Cameras & photo equipment
$9M to the U.S.
health
Surgical and sterile supplies
$6M to the U.S.
materials
Steel and iron products
$6M to the U.S.
materials
Copper and electrical wiring
$5M to the U.S.
Go deeper
The supply chain view
Latvia sits upstream of 1 essential American goods through 1 tracked inputs.
Full supply-map profile →Reference
The country itself
Europe · Geography, people, economy, and government — public-domain data from the CIA World Factbook.
Several eastern Baltic tribes merged in medieval times to form the ethnic core of the Latvian people (ca. 8th-12th centuries A.D.). The region subsequently came under the control of Germans, Poles, Swedes, and finally Russians. A Latvian republic emerged following World War I, but the USSR annexed it in 1940 -- an action never recognized by the US and many other countries. Latvia reestablished its independence in 1991 after the breakup of the Soviet Union. Although the last Russian troops left in 1994, the status of the Russian minority (some 25% of the population) remains of concern to Moscow. Latvia joined both NATO and the EU in 2004; it joined the euro zone in 2014 and the OECD in 2016.

Geography
- Location
- Eastern Europe, bordering the Baltic Sea, between Estonia and Lithuania
- Area
- 64,589 sq km
- Climate
- maritime; wet, moderate winters
- Terrain
- low plain
- Natural resources
- peat, limestone, dolomite, amber, hydropower, timber, arable land
- Coastline
- 498 km
- Natural hazards
- large percentage of agricultural fields can become waterlogged and require drainage
People & society
- Population
- 1,888,439 (2025 est.)
- Nationality
- Latvian(s)
- Ethnic groups
- Latvian 62.7%, Russian 24.5%, Belarusian 3.1%, Ukrainian 2.2%, Polish 2%, Lithuanian 1.1%, other 1.8%, unspecified 2.6% (2021 est.)
- Languages
- Latvian (official) 56.3%, Russian 33.8%, other 0.6% (includes Polish, Ukrainian, and Belarusian), unspecified 9.4% (2011 est.)
- Religions
- Lutheran 36.2%, Roman Catholic 19.5%, Orthodox 19.1%, other Christian 1.6%, other 0.1%, unspecified/none 23.5% (2017 est.)
- Median age
- 43.8 years (2025 est.)
- Life expectancy at birth
- 76.4 years (2024 est.)
Economy
- Economic overview
- high-income EU and eurozone member; weak recovery following economic contraction, with slight increase in private consumption and uncertain trade environment; challenges from skilled-labor shortages, capital market access, large informal sector, and green and digital transitions
- Industries
- processed foods, processed wood products, textiles, processed metals, pharmaceuticals, railroad cars, synthetic fibers, electronics
- Agricultural products
- wheat, milk, rapeseed, barley, oats, potatoes, rye, beans, peas, chicken (2023)
- Exports - partners
- Lithuania 19%, Estonia 6%, Russia 6%, Germany 6%, Sweden 5% (2023)
- Imports - partners
- Lithuania 18%, Germany 11%, Poland 10%, Estonia 8%, Finland 5% (2023)
Government
- Government type
- parliamentary republic
- Capital
- Riga
- Independence
- 18 November 1918 (from Soviet Russia); 4 May 1990 (declared from the Soviet Union); 6 September 1991 (recognized by the Soviet Union)
- Constitution
- several previous (pre-1991 independence); after independence was restored in 1991, parts of the 1922 constitution were reintroduced on 4 May 1990 and fully reintroduced on 6 July 1993
- Executive branch
- President Edgars RINKEVICS (since 8 July 2023)
- Legislative branch
- Parliament (Saeima)
Full reference data
Every field, by section — CIA World Factbook. Open a topic to expand it.
Introduction
Travel Facts
Please visit the following links to find further information about your desired destination.
CDC - To learn what vaccines and health precautions to take while visiting your destination.
US State Dept Travel Information - Overall information about foreign travel for US citizens.
To obtain an international driving permit (IDP). Only two organizations in the US issue IDPs: American Automobile Association (AAA) and American Automobile Touring Alliance (AATA)
How to get help in an emergency? Contact the nearest US embassy or consulate, or call one of these numbers: from the US or Canada - 1-888-407-4747 or from Overseas - +1 202-501-4444
Page last updated: Tuesday, June 04, 2024