What's Next for Trade as Trump Ups Global Tariff to 15%

• The global tariff rate will increase from 10% to 15% on Tuesday, lasting for 150 days.
• This short-term tariff creates 'a lot of questions' for trading partners regarding the continuation of negotiations and long-term strategies.
• Countries like Australia and the UK, previously at 10%, will see a 50% increase in their tariff rate, while existing bilateral trade deals and sectoral tariffs are also impacted.

President Trump is raising the global tariff rate from 10% to 15%, effective Tuesday, for a temporary 150-day period. This move introduces significant uncertainty for US trading partners, forcing them to re-evaluate existing bilateral trade deals and future negotiations. The changes impact countries differently based on their prior tariff rates, leading to widespread confusion.