US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand

Walmart has agreed to absorb Trump's tariffs on international trade, passing the costs to consumers starting this month. Despite criticism from Trump for increasing prices, Bessent assured that Walmart is prepared as previously agreed. McMillon highlighted their efforts to mitigate tariff impacts but noted the difficulty in absorbing high tariffs, leading to expected price hikes by mid-June. The tariffs have caused economic instability and paused trade with China, raising concerns about Trump's strategy.