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Reciprocal tariffs: US businesses brace for more pain

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Businesses around the world are keenly watching for details on US President Donald Trump’s new reciprocal tariffs on trading partners.

The fresh duties are expected to take effect immediately after Trump announces them at a ceremony at 4 pm Eastern Time (1.30 am IST) on Wednesday.

The threatened levies could be particularly damaging for US companies in sectors already slapped with duties, with administration officials saying all of Trump’s tariffs, including prior rates, are stacking.

The following US business sectors are likely most exposed to reciprocal tariffs:

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