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

"The immediate challenge is obviously navigating the impact of tariffs here in the US," Walmart CEO Doug McMillon said on the company's earnings call on May 15. "We will do our best to keep our ...

Downplaying inflation concerns, Bessent said Walmart’s (WMT) price hike warning was a “worst case scenario” after speaking with CEO Doug McMillon. This came after President Trump told the retailer on ...

Then on Sunday, Treasury Secretary Scott Bessent relayed that he had spoken to Walmart CEO Doug McMillon — and that McMillon had told him that the company "will be absorbing" some of the costs. Then ...