Treasury Sec. Bessent: Global 15% tariff starts this week, move back to prior rates within 5 months
Published on March 4, 2026.
The United States Department of Energy and Natural Resources (N.E.R.
. The following day, the Treasury Department announced that a global 15% tariff will be implemented, allowing it to return to its former rates within five months. The Treasury Department also revealed that the U.S. will provide insurance for oil tankers in the Persian Gulf to facilitate the process.
Related Articles
Wall Street holds steadier as oil prices stop spiking, for now at least
US stock markets are steadier as oil prices stabilize amid concerns over the Iran war, despite rising fuel prices and global economic concerns.
Oklahoma AG wins key ruling against State Farm in insurance lawsuit
An Oklahoma judge rejected State Farm's plea to dismiss a lawsuit alleging widespread fraud, allowing state Attorney General Gentner Drummond to take over.
New flooring cost: What homeowners can expect to pay
New flooring costs vary widely depending on type of flooring material or labor costs, with carpet and natural stone being the most affordable and expensive options, depending on specific factors.