Reported about 13 hours ago
President Trump has urged Walmart to absorb tariffs instead of raising prices, after the retailer warned that price increases might be imminent. Treasury Secretary Scott Bessent echoed this sentiment, labeling Walmart's price hike warnings as a 'worst-case scenario' after discussions with CEO Doug McMillon. The situation highlights ongoing inflation fears linked to tariffs, as Trump continues to criticize the Federal Reserve's management of interest rates.
Source: YAHOO