US tariff rate to hit 15% or more for some nations, USTR says
Reuters·2026-02-25 13:11

Group 1 - The U.S. tariff rate for certain countries will increase to 15% or more from the current 10% as stated by U.S. Trade Representative Jamieson Greer [1][2] - Specific trading partners affected by the tariff increase were not disclosed, but the increase aligns with existing tariff trends [2] - The announcement comes in the context of ongoing trade negotiations and obligations, with China asserting it has met its trade commitments while warning against further tariffs [3] Group 2 - Private equity group EQT has withdrawn its takeover bid for Oxford Biomedica, resulting in a nearly 10% drop in the company's shares [5] - The healthcare and pharmaceutical sectors are experiencing fluctuations, with EQT's decision impacting investor sentiment [5] - Other market activities include Brookfield-backed Clean Max's IPO in India being 94% subscribed on the final day of bidding, indicating strong investor interest in sustainability initiatives [4]

US tariff rate to hit 15% or more for some nations, USTR says - Reportify