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The Times of India

Business / The Times of India

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Tariff may be hiked to 15% this week: Scott Bessent

US Treasury Secretary Scott Bessent indicated President Trump's plan to raise universal tariffs to 15% could happen this week. While a temporary 10% levy is in place, authorities aim to reinstate previous tariffs within five months. Bessent also downplayed oil market risks from Middle East tensions, citing ample global supply and US support measures.

5 Mar 2026 4:30 am