Bessent says 15% this week, IEEPA levels later

President Donald Trump‘s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties…

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Trump's murky legal landscape on attacking Iran

President Trump’s attacks on Iran have thrown the administration into legal trouble over issues ranging from the commander-in-chief’s authority to incite war to adherence to international law. The attacks on Iran began early Saturday as Trump has threatened Tehran with attacks for weeks, building up US military power across the Middle East amid diplomatic talks……

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Treasury Secretary Bessent says U.S. will make ‘series of announcements’ to support oil trade in the Gulf

Scott Bessent, US treasury secretary, speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026. Valerie Plesch | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Wednesday Washington will roll out a series of measures aimed at stabilizing oil shipments through the Persian Gulf, signaling that the government…

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