Scott Bessent says 15% global tariff ‘likely’ to be imposed this week

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US Treasury Secretary is expected to impose a 15% global tariff, a 5% increase from the current 10% rate, likely this week, following the recent Supreme Court defeat.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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US Treasury secretary says duty is set to increase from 10% rate introduced after last month’s Supreme Court defeat

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Original article published by Financial Times on March 4, 2026.
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