Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that prices may rise further in the wake of newly instituted tariffs have sparked considerable debate.

Treasury Secretary Scott Bessent described his call with the company’s chief executive a day after President Trump warned Walmart to avoid raising prices from the tariffs at all and vowed to keep a close watch on what it does.

Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers. Walmart CEO Doug

The treasury secretary said Sunday that countries that do not engage in "good faith" negotiations could face a return to the tariff levels announced on April 2.

Treasury Secretary Scott Bessent downplayed concerns over the US’s government debt and the inflationary impact of tariffs on companies including Walmart Inc., saying the Trump administration is determined to lower federal spending and grow the economy.

Treasury Secretary Scott Bessent suggested critics of President Donald Trump‘s tariff plan should be open to cutting taxes, calling them “deflationary.” Trump announced a sweeping tariff plan early last month,

Treasury Secretary Scott Bessent responds to Walmart’s CEO saying prices will rise for Americans because of Trump’s tariffs.