U.S. Treasury Secretary Scott Bessent says tariffs are about to move higher, with rates expected to rise to 15% as soon as this week. The move signals a short-term escalation in trade policy, but Bessent also suggested the increase may not last long. According to his comments, there is a “strong belief” within the administration that tariff levels could reset back to their previous rates by August. That potential timeline hints that the tariff hike could function more as a temporary negotiating tool rather than a permanent shift in policy. Tariffs have been one of the most closely watched economic levers in global trade because they can quickly ripple through supply chains, pricing, and market sentiment. Higher tariffs often mean increased costs for imported goods, which can affect everything from manufacturing to consumer prices. Investors and economists are paying close attention to the timing of this move. A short-term increase followed by a rollback could signal a strategic push in...