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Treasury Sec. Bessent: Walmart will ‘eat some of the tariffs’ after announcing price hikes
After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will ...
Walmart says it must raise prices due to tariffs: Here’s what Trump says it should do instead
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump posted. “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart ...
The only certainty around Trump's tariffs for consumers and retailers is more uncertainty
In this Sunday edition of BI Today, we're talking about what's at stake for consumers and retailers in the face of Trump's ...
Scott Bessent says tariff rates will return to ‘reciprocal’ levels if countries don’t reach trade deals with US
There are 18 “important” trading partners that the United States is most focused on solidifying deals with, Bessent said. He ...
Scott Bessent calls Moody's a 'lagging indicator' after U.S. credit downgrade
Treasury Secretary Scott Bessent said in an interview on NBC News' "Meet the Press" that Moody's Ratings were a "lagging ...