Bessent says Walmart will absorb ‘some tariffs’ after speaking with retailer’s CEO
Walmart is going to absorb the cost of some tariffs, Treasury Secretary Scott Bessent said on Sunday after speaking with the company’s CEO in the wake of President Donald Trump’s warning that the retail giant should "eat the tariffs."Bessent detailed his conversation with Walmart CEO Doug McMillon during an appearance on CNN’s "State of the Union," when he was asked about Trump’s social media post warning the company against raising […]
