US Treasury Secretary announces tariff increase starting this week

The US-Zollsatz on many imports from all over the world, according to the words of US Treasury Secretary Scott Bessent “probably” rising from 10 to 15 percent this week. Bessent spoke to the US broadcaster when exactly the new rate should apply CNBC open. The US government recently gave different information about the amount of the global tariff and also contradicted itself as to when which rate should be levied.

The EU expects to be exempt from the tariff increase, the Bloomberg news agency reported, citing informed circles. Accordingly, the EU was assured that the tariff rate of 10 percent would be maintained. However, this has not been confirmed by either the US or the EU.

Defeat in court

Since last week, the US government has imposed a global tariff of 10 percent on many imports. Even before the official start, Trump had promised an increase to 15 percent, but a corresponding order is still a long time coming. The basis for the current 10 percent is a trade law from 1974, which provides for a maximum of 15 percent tariffs for a maximum period of 150 days. After that, Trump would need congressional approval.

The Trump administration recently suffered a bitter defeat at the US Supreme Court. The judges ruled that many of his tariffs are illegal in their current form. This also included another 15 percent tariff. Trump had imposed the tariffs bypassing Parliament, citing an emergency law – and thus, according to the court, exceeded his authority.

By Editor

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