Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb ...

Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the ...

Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest US retailer, may pass along some of the costs ...

Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that ...

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 ...

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

Treasury Secretary Scott Bessent said on Sunday, that tariff rates will go back to "reciprocal" levels if trade deals aren't made during the 90-day pause. “President Trump has put them on notice that ...

The Treasury secretary concedes that Walmart will shoulder higher costs because of new levies on foreign nations.

After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that ...

There are 18 “important” trading partners that the United States is most focused on solidifying deals with, Bessent said. He did not say how quickly tariff rates could revert to “reciprocal” rates.

President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in ...

In appearances on NBC’s Meet the Press and CNN’s State of the Union, Bessent said the administration is reviewing its 18 most ...