Core Viewpoint - The Trump administration is reinstating a 15% global tariff following a Supreme Court ruling that invalidated previous tariff measures, with expectations to revert to earlier rates within months [1][2]. Group 1: Tariff Implementation - Treasury Secretary Scott Bessent announced that the 15% global tariff will take effect this week [1][3]. - The administration plans to restore tariff rates to previous levels within five months [2]. Group 2: Legal Context - The reinstatement of tariffs comes after the Supreme Court struck down Trump's "reciprocal" tariffs, prompting a shift to a different legal authority for maintaining tariffs [2]. - Following the Supreme Court ruling, Trump signed an executive order imposing an initial 10% global tariff, which was later increased to 15% [4].
Bessent says Trump's new 15% global tarrif start this week
New York Post·2026-03-04 13:08