The Trump administration’s plan for sweeping global tariffs has sent markets sliding and left some of the country’s biggest businesses scrambling to assess the damage to their profits – and how to rework their global export networks. On Thursday, the White House said every country including Australia would have a 10 per cent baseline tariff applied to it. Others are also being hit with far higher imposts under the new trade plan.

Australia exported about $23 billion worth of goods to the US last year. This is what ASX-listed companies are telling their investors.