Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."

Treasury Secretary Scott Bessent warned on Sunday that tariff rates will go back to "reciprocal" levels if countries do not make trade deals with the US during the 90-day pause. “President Trump has put them on notice that if you do not negotiate in good faith,

The Treasury secretary concedes that Walmart will shoulder higher costs because of new levies on foreign nations.

Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers. Walmart CEO Doug

On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff

Treasury Department Secretary Scott Bessent on Sunday warned that tariffs on trading partners could go back to the rate slapped on them on “Liberation Day” last month if they

WASHINGTON (AP) — Treasury Secretary Scott Bessent on Sunday played down inflation risks from the Trump administration's tariffs, saying that he spoke to the head of Walmart and the retailer's warnings of price increases for consumers were simply a “worst case scenario.”

President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith" on deals, Treasury Secretary Scott Bessent said in television interviews on Sunday.

Treasury Secretary Scott Bessent suggested critics of President Donald Trump‘s tariff plan should be open to cutting taxes, calling them “deflationary.” Trump announced a sweeping tariff plan early last month,