Treasury Secretary Scott Bessent conceded on Sunday that President Donald Trump’s tariffs could increase prices for consumers. Walmart CEO Doug

The Treasury secretary concedes that Walmart will shoulder higher costs because of new levies on foreign nations.

WASHINGTON (AP) — Treasury Secretary Scott Bessent on Sunday played down inflation risks from the Trump administration's tariffs, saying that he spoke to the head of Walmart and the retailer's warnings of price increases for consumers were simply a “worst case scenario.”

Treasury Department Secretary Scott Bessent on Sunday warned that tariffs on trading partners could go back to the rate slapped on them on “Liberation Day” last month if they

The Trump administration’s war with Walmart continued on Sunday, as Treasury Secretary Scott Bessent admitted in an interview that Americans would be paying higher prices at the big-box retailer and other stores across the country.

The treasury secretary said Sunday that countries that do not engage in "good faith" negotiations could face a return to the tariff levels announced on April 2.

"If we were to give too much certainty to the other countries, then they would play us in the negotiations," Bessent told CNN.

Treasury Secretary Scott Bessent suggested critics of President Donald Trump‘s tariff plan should be open to cutting taxes, calling them “deflationary.” Trump announced a sweeping tariff plan early last month,