Tariff Tracker: Industrial Machinery Has $89B in Duties at Stake. The Stocks Positioned to Win and Lose
Average effective tariff: 13.5%. Industrial Machinery carries the most duties at stake. Here are the stocks that benefit and the ones most exposed.
U.S. importers now face an average effective tariff of about 13.5% across the countries GTA tracks. The biggest exposure is in Industrial Machinery, where $661.0B of annual imports face ~14% country tariffs, putting roughly $89.4B a year in duties at stake. U.S. machinery makers gain share; importers of computers and equipment pay more.
Where the tariffs bite
| Sector | Annual imports | Tariff | Duties at stake | Tariff level |
|---|---|---|---|---|
| Industrial Machinery | $661.0B | ~14% country tariffs | $89.4B | Mild |
| Autos & Trucks | $332.1B | 25% Section 232 | $83.0B | Moderate |
| Pharmaceuticals | $208.5B | Up to 100% on patented drugs | $73.0B | Strong |
| Semiconductors & Electronics | $503.3B | ~14% country tariffs | $68.1B | Mild |
| Steel & Metals | $114.6B | 50% Section 232 | $57.3B | Strong |
| Chemicals & Plastics | $192.6B | ~14% country tariffs | $26.0B | Mild |
| Energy & Refining | $183.7B | ~14% country tariffs | $24.8B | Mild |
| Gold & Jewelry | $142.5B | ~14% country tariffs | $19.3B | Mild |
Potential winners
Domestic producers that compete with taxed imports. Performance is measured since tariffs began (Jul 23).
| Stock | Sector | Price | Since tariffs |
|---|---|---|---|
| PFE | Pharmaceuticals | $27.82 | +13.1% |
| AMGN | Pharmaceuticals | $407.44 | +11.7% |
| MRK | Pharmaceuticals | $142.38 | +11.6% |
| ABBV | Pharmaceuticals | $272.42 | +7.6% |
| JNJ | Pharmaceuticals | $256.48 | +0.8% |
| LLY | Pharmaceuticals | $1,169.60 | -0.6% |
| NUE | Steel & Metals | $246.14 | +3.8% |
| RS | Steel & Metals | $396.91 | +1.8% |
Most exposed
Companies that rely on imported goods or parts in the hardest-hit categories.
| Stock | Sector | Price | Since tariffs |
|---|---|---|---|
| TEVA | Pharmaceuticals | $39.25 | — |
| CVS | Pharmaceuticals | $87.80 | -19.4% |
| VTRS | Pharmaceuticals | $17.44 | +2.1% |
| CAH | Pharmaceuticals | $238.96 | +5.1% |
| WHR | Steel & Metals | $29.16 | -19.2% |
| F | Steel & Metals | $12.25 | -14.0% |
| CAT | Steel & Metals | $796.18 | -10.5% |
| DE | Steel & Metals | $652.58 | +1.8% |
Source: UN Comtrade import data and published U.S. tariff schedules, as of Oct 11, 2026. Winners and losers are GTA research classifications, not recommendations.
Written by the GTA Research Desk from GTA Terminal data. Not investment advice.
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