Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels

• Global tariff to increase from 10% to 15% this week.
• The tariff implementation is under Section 122, a 150-day authority.
• Prediction: Trump duties will return to their old levels within five months.

Treasury Secretary Scott Bessent states that a global 15% tariff will be implemented this week, rising from the current 10%. This is under a 150-day authority, and Bessent predicts that these Trump-era duties will revert to their previous levels within five months, following studies by USTR and Commerce.