By Vicki M. Young

Global tariffs for shoe firms are going up by another five percent, and they could happen as early as this week. By Footwear News.
That was the word from U.S. Treasury Secretary Scott Bessent in an interview Wednesday with CNBC. He also said that U.S. tariff rates are likely to go back up to previous levels within five months, or by August, noting that the Trump Administration is looking at other legislation it could use to implement new rates that would replace the ones invalidated by the U.S. Supreme Court last month.