God bless this young patriot and his family
>Easton Parker o7
Bessent says Walmart will absorb 'some tariffs' after speaking with retailer's CEO
https://www.foxbusiness.com/politics/bessent-says-walmart-absorb-some-tariffs-after-speaking-retailers-ceo
Bessent detailed his conversation with Walmart CEO Doug McMillon during an appearance on CNN’s "State of the Union," when he was asked about Trump’s social media post warning the company against raising its prices for consumers, as McMillon alluded to in an earnings call last week.
"I did speak to Doug McMillon, who I have a very good relationship, yesterday just to understand what he had to say," Bessent said, adding that McMillon’s comments had come during an earnings call where the secretary said companies must give "the most draconian case" because of SEC requirements.
"So Walmart will be absorbing some of the tariffs," Bessent said. "Some may get passed on to consumers."