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US Treasury signals global tariff hike to 15% as Trump trade policy returns

5 March 2026
in Business
Reading Time: 5 mins read
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US Treasury signals global tariff hike to 15% as Trump trade policy returns
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The United States is expected to raise its global tariff rate to 15 per cent in the coming days as the Trump administration moves to restore its controversial trade policies following a Supreme Court ruling that struck down last year’s sweeping import duties.

US Treasury Secretary Scott Bessent said the higher tariff level was “likely” to be implemented this week, suggesting the White House intends to push ahead with a tougher global trade regime despite the legal challenges that forced officials to rethink their approach.

The new tariff would replace the blanket import duties announced by Donald Trump last year, which had imposed levies on goods from dozens of countries. Those measures were struck down by the Supreme Court of the United States after judges ruled that the administration had exceeded its authority by using emergency powers to justify the tariffs.

The decision triggered a rapid response from the White House, which introduced a new global levy of 10 per cent using a different legal mechanism. However, confusion quickly followed after Trump stated on social media that the rate would instead be set at 15 per cent.

In practice, the tariff came into force at the lower level, leaving businesses and governments around the world uncertain about the direction of US trade policy.

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