Wholesalers, distributors inside economy expect massive hit from Trump trade policy in a sector that is one-third of GDP and exposed to $50 billion in tariffs.

President Donald Trump levied a fresh threat to countries that have yet to announce trade deals with the U.S. with just four days to go before his new August 1 'doomsday' deadline.

The U.S. has managed to make only eight deals in 120 days, including one with the 27-member European Union.