Reported 3 months ago
Treasury Secretary Scott Bessent indicated that if countries fail to negotiate trade deals with the US during a 90-day pause, tariffs could revert to 'reciprocal' levels. He emphasized that Walmart's price hike warning due to tariffs was a 'worst-case scenario.' Meanwhile, President Trump urged Walmart to absorb tariff costs rather than raising prices and expressed his intention to set tariff rates for trading partners soon.
Source: YAHOO