Trump Administration Considers Raising Tariffs to 15%

US Treasury Secretary Scott Bessent indicated that President Trump's plan to raise universal tariffs to 15% could be implemented this week, with authorities aiming to reinstate previous tariffs within five months.

4 Mar, 23:00 — 4 Mar, 23:00

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Times of IndiaMostly Factual165d ago

Tariff may be hiked to 15% this week: Scott Bessent

US Treasury Secretary Scott Bessent indicated President Trump's plan to raise universal tariffs to 15% could happen this week. While a temporary 10% levy is in place, authorities aim to reinstate previous tariffs within five months. Bessent also downplayed oil market risks from Middle East tensions, citing ample global supply and US support measures.

By Agencies

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Trump Administration Considers Raising Tariffs to 15%

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Tariff may be hiked to 15% this week: Scott Bessent

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