Bessent Says Trump’s Tariff Hike to 15% Likely This Week (2)

Treasury Secretary Scott Bessent said that President Donald Trump’s plan to increase a broad 10% tariff rate to 15% will likely be done this week.

“That’s likely sometime this week,” Bessent said Wednesday on CNBC in response to a question about when the increase to 15% would be implemented.

Bessent’s comments offer the clearest indication yet regarding when the US will follow through on Trump’s pledge to raise tariffs. The president last month imposed a 10% universal levy after the Supreme Court invalidated most of his previous tariff regime, then quickly threatened to hike the rate to 15%.

The ...