US EditionNew global US 15% tariff rate expected to kick in this week, Treasury Secretary Bessent says
The U.S. plans to raise global import tariffs from 10% to 15% to rebuild Trump’s tariff regime and support American manufacturing, Treasury Secretary Scott Bessent said.
- On March 4, 2026, Treasury Secretary Scott Bessent said a proposed 15% global U.S. tariff may take effect this week, reviving trade-tension concerns among traders.
- Amid Middle East instability, markets endured days of volatility after a US-Israeli attack on Iran destabilized the region and curbed energy supplies, while the New York Times reported Iran's Ministry of Intelligence used backchannels to contact the Central Intelligence Agency.
- Futures showed mixed signs as S&P 500 futures were little changed after rising 0.4%, the yield on 10-year Treasuries rose two basis points to 4.08%, and Bitcoin jumped to nearly $70,000.
- Airlines suspend routes as the US considers a 15% tariff this week, impacting Asian economies dependent on Middle East oil, amid the conflict’s fifth day.
- Analysts warn markets will remain volatile as Bloomberg strategists say headline risk drives trading and officials doubt Iran or the Trump administration seek an off-ramp.
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56 Articles
US Treasury Secretary Scott Bessent announced on CNBC television today that US tariffs on imports from around the world will likely increase this week from a general 10% rate to 15%, a threat made by US President Donald Trump after the Supreme Court struck down his reciprocal tariffs.
Trump’s 15% global tariffs likely to start this week, US Treasury chief says
US Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10 per cent tariff rate to 15 per cent is likely to be implemented this week. “That’s likely sometime this week,” Bessent said on Wednesday on CNBC in response to a question about when the increase to 15 per cent would be made. Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tar…
Bessent Says Global Tariffs Will Rise to 15 Percent
“The United States is expected to increase tariffs on global imports to 15 percent this week, Treasury Secretary Scott Bessent said on Wednesday, as the Trump administration works to replicate some of the punishing duties struck down by the Supreme Court,” the New York Times reports. That rate is an increase from the 10 percent global tariffs that President Trump imposed last month after a court ruling struck down the administration’s emergency …
US Treasury chief says 15% global tariff likely implemented this week
US Treasury chief Scott Bessent said Donald Trump is expected to raise the new global tariff to 15 per cent this week, following a ruling by the Supreme Court of the United States that struck down his earlier country-specific tariffs.
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