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

Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels
President Donald Trump’s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday.

Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties that Trump unilaterally imposed on most of the world’s countries last year.

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