Higher tariffs likely this week, says US Treasury

US Treasury Secretary Scott Bessent said the US was "likely" to implement a 15% global tariff this week, following conflicting statements from President Donald Trump about the rate.

The new tariff is intended to replace the sweeping global import taxes Trump imposed last year but were recently struck down by the Supreme Court.

The White House responded to that ruling by imposing a levy at 10% - despite Trump claiming on social media it would be 15%.