Bessent says Walmart will absorb 'some tariffs'
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Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."
During an interview on NBC’s "Meet the Press," moderator Kristen Welker asked Treasury Secretary Scott Bessent about the possibility of retailers such as Walmart raising prices
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.
2don MSN
Treasury Department Secretary Scott Bessent on Sunday warned that tariffs on trading partners could go back to the rate slapped on them on “Liberation Day” last month if they
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.