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  • 7 months ago
Despite President Trump insisting that Walmart eat the tariffs in full, Treasury Secretary Scott Bessent doesn't believe that's what Walmart will do.
Transcript
00:00Despite President Trump insisting that Walmart, quote, eat the tariffs in full,
00:05Treasury Secretary Scott Besant doesn't believe that's what the largest U.S. retailer will do
00:09after speaking to the company's CEO, Doug McMillan.
00:14Walmart will absorb some of the tariffs, but others may get passed to consumers in the form
00:19of higher prices. Higher prices began appearing in late April and have only accelerated this month.
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