More than 6,000 Italian companies are at risk of being impacted by new U.S. tariffs set to take effect from August 1, according to a report released by the Italian Trade Agency (ITA) on Wednesday.

The warning comes after U.S. President Donald Trump announced a 30% tariff on imports from the European Union and Mexico, citing unfair trade practices. The ITA report noted that the companies most vulnerable to these tariffs are primarily micro and small enterprises operating in high-value-added sectors. These include beverages, pharmaceuticals, metal products, furniture, retail trade, and non-automotive transport-related goods.

Italian exports to the U.S. from these sectors are estimated to be worth over €11 billion (approximately $12.76 billion), the report said.

Adding to the concerns, the Association for the Development of Industry in the Mezzogiorno (SVIMEZ) predicted that the tariffs could cause a 0.5% decline in Italy’s GDP by 2026 and potentially lead to the loss of up to 150,000 jobs.

On Monday, Italian Foreign Minister Antonio Tajani warned that the EU is ready to impose retaliatory tariffs on American goods if trade talks do not yield a resolution.

Meanwhile, President Trump on Wednesday revealed a broader plan to apply a unified tariff rate to over 150 countries and regions. Describing these economies as “not big” and “not doing much business,” Trump said the measure would ensure equal treatment across the board.

The new tariffs follow the administration’s April move to introduce a baseline 10% tariff on nations not part of bilateral trade deals. Though Trump has hinted that this base rate could rise to 15% or 20%, no new rate was announced.