Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb "some of the tariffs."

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,

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices