While a handful of trade deals have trickled in -- including 15 per cent for South Korea and an extension of current rates for Mexico --many details remain hazy, leaving businesses and manufacturers around the world bracing for more price hikes regardless.

Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Friday, a potential blow to the global economy, because they haven’t yet reached a trade deal with the Trump administration.

The move may provide ammunition to plaintiffs aiming to bring down the centerpiece of the White House's tariff agenda.