US Treasury secretary Scott Bessent has said that the global tariff the White House imposed following its Supreme Court defeat will probably be lifted from 10 per cent to 15 per cent this week.
President Donald Trump announced the tariff rate last month after the Supreme Court ruled that the majority of the duties imposed as part of the administration’s trade war were illegal.
The administration had threatened a 15 per cent tariff but has so far only imposed a 10 per cent