New Delhi, April 16 -- US tariff uncertainties will impact manufacturing, logistics and retail verticals the most, given their reliance on global supply chains, according to a report by Jefferies.

"Tariff uncertainties are likely to impact manufacturing, logistics and retail verticals the most given their reliance on global supply chains." the report said

The report added that the rising prospects of a US recession may lead to rate cuts, which in turn will hurt the BFS vertical.

Jefferies further added that the sectors such as communications, insurance and healthcare are likely to be the least impacted verticals from the reciprocal tariffs.

The report says that the US-based Information and Technology companies will also be impacted ad...