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New 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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88 Articles
US likely to raise global tariff rate to 15% this week
The US will likely implement a 15% global tariff this week, the country’s Treasury secretary said, while countries elsewhere expanded trade links with each other. Scott Bessent added that US levies would soon return to the levels they reached before the Supreme Court recently cancelled last year’s “Liberation Day” duties. Several other countries have since sought to deepen their own links, eschewing commerce with the US: Brazil yesterday ratifie…
UK risks £3billion blow as Donald Trump 'likely' to impose 15 per cent tariffs within days
British businesses could face tariff rates of 15 per cent within days following a warning from US Treasury Secretary Scott Bessent that the White House is poised to implement higher import levies
Bessent Says Global Tariff Rate Likely to Rise to 15% This Week
Treasury Secretary Scott Bessent said Wednesday the Trump administration plans to raise its across-the-board tariff rate to 15 percent this week, providing a timeline for an increase President Trump had announced but not yet implemented. The post Bessent Says Global Tariff Rate Likely to Rise to 15% This Week appeared first on Breitbart.
Bessent: Trump’s 15% Global Tariff Likely To Take Effect This Week
by Emmitt Barry, Worthy News Washington D.C. Bureau Chief (Worthy News) – Treasury Secretary Scott Bessent said Wednesday that President Donald Trump’s newly announced 15% global import tariff is expected to take effect sometime this week as the administration moves to rebuild its tariff framework after a recent Supreme Court ruling struck down part of the president’s trade agenda. Speaking on CNBC’s Squawk Box, Bessent said the White House is u…
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.
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