According to a report from Yahoo Finance, the United States is preparing to raise a temporary global import tariff. Treasury Secretary Scott Bessent indicated the rate is set to move to 15% from 10%, with the change potentially occurring within the current week.

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The increase follows a Supreme Court decision that invalidated an earlier tariff program imposed under national-emergencies law. The current measure is authorized under Section 122 of the Trade Act of 1974. This provision permits a temporary import surcharge on most goods, capped at 15%, for a maximum duration of 150 days unless Congress acts to extend it.

A White House proclamation established the initial 10% duty on nearly all imported articles, effective from the early morning of February 24, 2026. The measure is scheduled to remain in force until the early morning of July 24, 2026, unless modified or extended. The administration has not yet issued a formal schedule for implementing the higher rate.

Officials describe the Section 122 authority as a short-term mechanism while longer-term tariff programs are developed. The administration aims to utilize more durable legal authorities, specifically Sections 301 and 232, which involve longer investigations and have seen greater judicial acceptance. Studies and actions under those sections are expected during the 150-day window.

Separate tariffs on steel, aluminum, and automobiles remain in effect under different legal provisions. The administration’s objective is to transition the temporary tariffs to a more permanent legal foundation before the July expiration, though potential congressional action or legal challenges could affect the outcome.

Source: IndexBox Market Intelligence Platform