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flag U.S. raises global import tariffs to 15% for 150 days, citing trade and security concerns.

flag The U.S. is set to raise its global import tariff from 10% to 15%, following a Supreme Court rejection of earlier tariffs based on emergency powers. flag The new rate, authorized under Section 122 of the Trade Act of 1974, will be in place for 150 days. flag Treasury Secretary Scott Bessent said the administration will use Sections 301 and 232—targeting unfair trade and national security concerns—to rebuild the tariff system, aiming to restore prior duty levels within five months. flag The move comes amid heightened global tensions and plans to bolster oil supply security, including potential Navy escorts for tankers through the Strait of Hormuz.

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