Scott Bessent Raises Tariffs to 15% as Trump Secures AI Funding

Treasury Secretary Scott Bessent announced the USA will raise global import tariffs to 15% this week using Section 122 to align with comments made by Donald Trump.Chief Economist Kevin Hassett noted the 150-day measure allows for trade investigations while Donald Trump secures AI funding from tech CEOs.The White House seeks a $50B budget for munitions used in Iran and Ukraine as Commerce Secretary Howard Lutnick prepares to testify about Jeffrey Epstein.OpenAI CEO Sam Altman clarified the company will not control military AI applications despite securing a new Pentagon contract for infrastructure.