Treasury Secretary Bessent told NBC that if nations don't want to negotiate with the US, then their tariffs will "spring back to the April 2nd level."

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,