The Indian rupee is poised to open weaker on Wednesday, pressured by a renewed tariff barrage from U.S. President Donald Trump that widened the scope of his trade offensive.

Vietnam remains the region’s largest apparel exporter to the U.S., sending roughly $18.6 billion worth of goods in 2024, according to the U.S. Census Bureau. Cambodia follows with $7.8 billion, then Indonesia at $6.4 billion, Thailand at $2.7 billion, and Malaysia at $1.6 billion.

Asian shares are mostly down as the Trump administration steps up pressure on trading partners to quickly make new deals before a Wednesday tariff deadline