US Treasury Secretary Scott Bessent claimed on Wednesday that the world would face yet another tariff hike ‘this week’. President Donald Trump had announced a 15% global levy last month after the Supreme Court struck down his sweeping ‘reciprocal tariffs’. Bessent also predicted that the rates would return to earlier levels “within five months”. “That is likely sometime this week (15% tariffs). During the 150 days, we will see studies from USTR on Section 301, tariffs from Commerce on Section 232. It’s my strong belief that the tariff rates will be back to their old rate within five months,” Bessent told CNBC.