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."

The trade truce between the US and China appears increasingly fragile, as both sides trade barbs just more than a week after sending markets into euphoria by pausing sky-high tariffs on one another. China’s Commerce Ministry said Wednesday that it would take legal action against any organization or individual assisting the US in discouraging the use of China’s advanced semiconductors.

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

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

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,

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

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,

Treasury Secretary Scott Bessent responds to Walmart’s CEO saying prices will rise for Americans because of Trump’s tariffs.