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Higher tariffs likely this week, says US Treasury (www.bbc.com)

submitted 15 hours ago by MicroWave@lemmy.world to c/economics@lemmy.world

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US Treasury Secretary Scott Bessent said the US was "likely" to implement a 15% global tariff this week following conflicting statements from Donald Trump about the rate.

The new tariff is intended to replace the sweeping global import taxes Trump imposed last year but were recently struck down by the Supreme Court.

The White House responded to that ruling by imposing a levy at 10% — despite Trump claiming on social media it would be 15%.

The contradiction sparked widespread global confusion at the time, with businesses and world leaders calling for clarity.

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[–] northernlights@lemmy.today 1 points 9 hours ago

Right after they were ruled illegal? ... OK

[–] Lemmyoutofhere@lemmy.ca 1 points 14 hours ago

It’s easy to avoid the chaos, just stop dealing with the US.