Factbox: Countries and industries most exposed to Trump's IEEPA-based tariffs

ArcelorMittal SA

08/01/2026 23:30

Jan 8 (Reuters) - The U.S. Supreme Court is set to issue rulings on Friday on cases related to the legality of tariffs imposed by President Donald Trump under the International Emergency Economic Powers Act.

The administration faces the possibility of having to refund nearly $150 billion paid in tariffs to importers if the court declares that the sweeping duties Trump has imposed under the IEEPA are illegal.

Major corporations such as Costco COST.O, Revlon, Ray-Ban eyeglass maker EssilorLuxottica ESLX.PA, Bumble Bee Foods, Yokohama Tire 5101.T and Kawasaki Motors 7012.T have sued the U.S. government challenging IEEPA-based tariffs and seeking refunds on duties paid.

The tariffs invoked under the Emergency act fall into three categories: fentanyl-linked tariffs on China, Mexico and Canada; broad "reciprocal" tariffs aimed at shrinking trade deficits; and punitive levies against countries for non-trade political reasons.

Notably, pharmaceuticals, energy, agricultural commodities, services as well as aircraft and aerospace industries have been largely exempt from U.S. tariffs, protected due to their critical nature, global supply chains and potential impact on public health and international commerce.

Meanwhile, the EU and countries such as the UK, Japan, South Korea, Vietnam and Switzerland have struck tariff-reduction deals with the U.S. in exchange for market access and investment commitments.

Here are some countries and industries exposed to the IEEPA-based tariffs:

Countries
Industry exposed
Companies impacted
Tariff rate
China and Hong Kong
Consumer electronics, machinery, medical devices, chemicals, toys
Lenovo0992.HK,
Volvo CarsVOLCARb.ST, Costco COST.O, WalmartWMT.O, Amazon AMZN.O, Target TGT.N, AppleAAPL.O
10%
Taiwan
Semiconductors/chipmakers
Foxconn2354.TW, TSMC2330.TW
20%
Mexico
Autos, auto parts, industrial components, consumer goods
VolkswagenVOWG.DE, General MotorsGM.N, FordF.N
no tariff for USMCA-compliant, 25% for non-USMCA goods
Canada
Metals, energy products, manufactured goods
AlcoaAA.N, TransCanada-linked suppliers, Canadian steel producers
no tariff for USMCA-compliant, 25% for non-USMCA goods
European Union (EU) and the UK
Autos, machinery, industrial equipment, chemicals, consumer goods, pharmaceuticals
AstraZenecaAZN.L, Tata Motors' TATM.NSJaguar Land Rover, Stellantis STLAM.MI, SanofiSASY.PA
15% on most EU goods, 10%-25% on UK goods, depending on specific product and category
Japan and South Korea
Autos, machinery, industrial equipment, consumer goods
Honda7267.T, Hyundai Motor005380.KS, Samsung Electronics005930.KS
Reduced to about 15% under negotiated deals
Southeast Asia, often called the China-plus-one manufacturing hub (Vietnam, Thailand and Indonesia)
Apparel, footwear, electronics assembly, furniture, homeware, auto parts
NikeNKE.N, Toyota 6201.T, Western Digital WDC.O, Hewlett Packard HPE.N, VF Corp VFC.N and LululemonLULU.O
19% to 20% "reciprocal" rates
India
Pharmaceuticals, refined fuels, specialty chemicals, gems and jewelry, agri, auto components, toys
Sun PharmaSUN.NS, Dr Reddy'sREDY.NS, Reliance-linked exporters, Mattel MAT.O, Hasbro HAS.O
50% tariffs on some of key exports
Brazil
Steel, aluminum, agricultural products
EmbraerEMBJ3.SA, ArcelorMittal MT.AS, Gerdau GGBR4.SA, Marfrig MBRF3.SA
40% punitive tariff plus 10% "reciprocal" tariff
South Asia except India (Bangladesh, Sri Lanka and Pakistan)
Apparel, textiles and sports goods
H&MHMb.ST, GapGAP.N, Victoria's Secret VSCO.N, and Adidas ADSGn.DE
19% on Pakistan, 20% on Bangladesh and Sri Lanka

 (Reporting by Pooja Menon and Puyaan Singh in Bengaluru; Editing by Alan Barona)

 ((Pooja.Menon@thomsonreuters.com))