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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Hang Seng Index, Kospi, Nikkei 225

19 November 2025, China, Shanghai: Boats sail past downtown Shanghai on the Huangpu River. The tallest building on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images South Korea’s Kospi declined 7.24% Wednesday, extending a steep selloff from the day before when the index recorded its worst day in…

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Howard Lutnick volunteers to testify to House committee

U.S. Commerce Secretary Howard Lutnick sits to testify before the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing to examine a review of broadband deployment funding at the Department of Commerce, on Capitol Hill in Washington, D.C., U.S., February 10, 2026. Elizabeth Frantz | Reuters Commerce Secretary Howard Lutnick has voluntarily agreed…

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