Walmart will master some tariffs after Trump warning, Treasury SEC Bessent says

[ad_1]

Walmart is going to master some tariffs price, treasure secretary’s price Scott bet After talking to the CEO of the company on Sunday, he said after the president Donald Trump“Eat tariffs” warning of the retail giant.

Bessent explained his conversation in detail Walmart CEO During a view on “Union”, Doug McMillon was warned that the company’s social media were asked to increase prices for consumers, because McMillon applied for a profit call last week.

“I have a very good relationship to Doug McMillon, yesterday, I have a very good relationship, said:” Bessent, McMillo said they had to give the most Draconian Case for “Most Draconian Case” for the company’s “Most Draconian Case”.

“So Walmart will swallow some tariffs,” he said. “Some may pass to consumers.”

US consumer feelings Inflation concern in May, the uncertainty of tariff

Treasury Secretary Scott Bessent, a house wore a red tie and dark suit, as he testified in a home hearing

Sunday Treasury Secretary Scott Bessent, said that Walmart said that Walmart is “some tariffs”, talked to Walmart CEO Doug McMillon. (Reuters / Nathan Howard / Reuters Pictures)

Thursday, McMillon said Walmart We are not able to adopt all the pressure, taking into account the reality of the narrow retailers, even in the levels of “size”, but the “size” of tariffs, even this week. ”

Doug McMillon speaks

Walmart CEO Doug McMillon said that last week may have to raise some prices due to the company’s tariffs during a profit. (Ethan Miller / Getty Images, File / Getty Images)

McMilllon made a statement as the retailer, the first quarter of the first quarter encountered with Wall Street expectations.

Ticker Safety Last Change Change%
Wmt Company Name Walmart Inc. 98.25 +1.81

+ 1.88%

Trump replied In a statement on Saturday, a social platform with an article about the truth.

“Walmart tariffs should try to blame the reasons for increasing prices throughout the chain,” Trump said. “Walmart was much more than expected last year. Among Walmart and China,” Eat Tariffs “and the” Eat Tariffs “and the witactered customers will be !!!”

Later Saturday, Walmart, “We’ve always tried to keep our prices as low as possible and we will not stop.

Walmart, small businesses, American-made products supported by new ‘grow up with’ initiative

Bessent also said that the most prices for Walmart consumers of the conversation with McMillon are worried.

“The other thing that Dougame mentioned to me is the most important thing for buyers for consumers,” he said. “And this management lowed gasoline prices.”

Exterior of a Walmart store

A Walmart store is shown in May 15, 2025 in California Oceanside. (Reuters / Mike Blake / Reuters pictures)

According to the American Auto Association, national prices for regular fuel, $ 3.178, compared to $ 3,592 a year ago, $ 3.178 a year ago. Regular fuel On June 14, 2022, under the leadership of Biden, the highest national average price reached $ 5.016.

Bessent was waiting for the former president while inflation was waiting for ” Joe Biden To create a current sense of uncertainty among American consumers.

Get the fox work on the way by clicking here

“But I do not blame for the skittish after the four years of bidin.” “We had the worst inflation in 40 years.”

Fox Business’ Brie Stimson contributed to this report.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *