Trump’s tariffs may mean Walmart shoppers pay more, his Treasury chief acknowledges

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"Walmart will be absorbing some of the tariffs, some may get passed on to consumers,” Bessent said on CNN.

In a social media post on Saturday morning, Trump said Walmart should not charge its customers more money to offset the new tariff costs.

Bessent maintained that the ratings downgrade was a “lagging indicator” as the financial markets had already priced in the costs of a total federal debt of roughly $36 trillion.

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Article Details

Author / Journalist: Josh Boak, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Donald Trump Tariffs and trade Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-18 @ 19:27:48 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 177 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28789397

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

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Year Established: 1929

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News Last Updated: 8 hours ago

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