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Bessent says global 15% tariff starts this week, move back to prior rates within 5 months

By CNBC March 04, 2026 Bearish
Bessent says global 15% tariff starts this week, move back to prior rates within 5 months
Treasury Secretary Scott Bessent said President Donald Trump's recently announced 15% global tariff will be implemented this week. Bessent predicted that U.S. tariff rates will return in five months to where they stood before the Supreme Court struck down Trump's "reciprocal" duties.
Treasury Secretary Scott Bessent said President Donald Trump's recently announced 15% global tariff will be implemented this week. Bessent predicted that U.S. tariff rates will return in five months to where they stood before the Supreme Court struck down Trump's "reciprocal" duties.