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,

Walmart this week warned​ that everything from bananas to children's car seats could increase in price despite the softer tariffs on China.