New global 15% tariff from ‘this week’, return to previous rate after 5 months: US Treasury Secretary Bessent
- Posted on March 4, 2026
- By Financial Express
- 6 Views
New global 15% tariff from ‘this week’, return to previous rate after 5 months: US Treasury Secretary Bessent

President Donald Trump had announced a 15% global levy last month after the US Supreme Court struck down his sweeping 'reciprocal tariffs'. It was not immediately implemented.