Treasury Sec. Bessent: Walmart to Absorb Some Tariffs

Following a conversation with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent indicated that Walmart will be expected to absorb a portion of the tariffs imposed by President Trump. This statement aligns with the President's stance on how tariffs should be handled by large retailers. Earlier, Walmart had cautioned that the trade war could lead to increased prices for consumers. Secretary Bessent's comments suggest that the administration anticipates Walmart will mitigate the tariff impact, preventing significant price hikes for shoppers. The situation remains closely watched by economists and consumers alike as the trade war continues to unfold.