U.S. Treasury Secretary Scott Bessent has indicated that a new global tariff rate of 15% is set to be imposed this week, with expectations that the tariff rates may revert to previous levels later in the year. This decision follows ongoing discussions and forecasts regarding the economic impact of the tariffs, which are likely to introduce volatility and uncertainty in the global market. Bessent has noted that the U.S. is also pursuing trade probes that are expected to conclude within the next five months. As the market braces for these changes, companies in various sectors, including footwear, are preparing for the potential repercussions.