Reported about 21 hours ago
Treasury Secretary Scott Bessent stated that Walmart, the largest retailer in the U.S., may pass some of the costs from President Trump's tariffs onto consumers, resulting in higher prices. Despite Trump's insistence that Walmart should not raise prices, Bessent revealed that some tariff costs might be absorbed by the company while others could be reflected in consumer prices. This conversation comes amid ongoing economic uncertainty and after previously high inflation under President Biden.
Source: YAHOO