Scott Bessent says 15% global tariff ‘likely’ this week

US administration imposed a 10 per cent duty following Supreme Court defeat

Trump’s new tariffs may boost his ego – but they’ll damage the economy | Steven Greenhouse

The US president’s plan will hurt consumers, companies and the stock market, as well as relations with other countries After the US supreme court overturned Donald Trump’s global tariffs, he had two options: do what’s best for the US economy or do what’s best for his ego. Trump of course chose what’s best for his ego, and he did that by seizing on a never previously used legal provision to impose new tariffs that Trump – who can never admit defeat – insists will be just as good as the overtur...

By Steven Greenhouse