Trump administration announces increase in global tariffs to 15%

The statement was made during an interview with the broadcaster CNBC. According to Bessent, President Donald Trump expects that the remaining tariffs in force before the court’s decision will be reestablished within a few months, based on other laws. Since February 24, the US global charge has been set at 10%.

The head of the American Treasury detailed that tariffs will return to levels above this percentage for some countries in the next five months, for which the Trump administration will have to use several trade laws that do not conflict with the court decision.

On February 20, the US Supreme Court ruled, by 6 votes to 3, against Trump’s use of emergency economic powers, based on the International Emergency Economic Powers Act (Ieepa), of 1977. The Republican leader used the legislation in April last year to justify customs duties he called “reciprocal” against several countries, including Brazil.

Hours after the decision was released, Trump signed an executive order to impose a 10% global tariff based on Section 122 of the Trade Act of 1974, which allows temporary tariffs for up to 150 days to address severe trade deficits.

A day later, Trump stated that he would adjust this new tariff to 15%. However, on the 24th, the government began to apply a 10% charge on various foreign products and not 15%.