US Plans to Raise Global Import Tariff to 15 Percent This Week, Treasury Says

US Treasury Secretary Scott Bessent indicated that the Trump administration plans to raise the current 10 percent global import tariff to 15 percent, likely within this week. This move follows a Supreme Court ruling that invalidated parts of the previous tariff framework. The new tariffs, imposed under Section 122 of the Trade Act of 1974, are temporary and valid for 150 days. During this period, officials aim to use other legal authorities, such as Sections 301 and 232, to reinstate previous tariff levels and conduct trade investigations to justify future duties.