Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's signature tariffs, but some costs "may get passed on to consumers." Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before,

President Trump blasted Walmart over the weekend after the country’s largest retailer warned this week that it will have to raise prices because of tariffs. NBC News’ Yamiche Alcindor reports from the White House.