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

After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that consumers would see higher prices as a result of the trade war.

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 Secretary Scott Bessent said in an interview on NBC News' "Meet the Press" that Moody's Ratings were a "lagging indicator" after the group downgraded the U.S.' credit rating by a notch from the highest level.

Treasury Secretary Scott Bessent downplayed concerns over the US’s government debt and the inflationary impact of tariffs on companies including Walmart Inc., saying the Trump administration is determined to lower federal spending and grow the economy.

Treasury Secretary Scott Bessent played down worries about Friday’s U.S. credit downgrade by Moody’s Ratings, telling NBC News ratings are a “lagging indicator” and blaming federal spending during the previous administration.