Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's signature tariffs, but some costs "may get passed on to consumers." Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before,

As Trump erupts at Walmart for telling the truth about his tariffs, an economist explains how this undermines his sham rationale for them—and why it’s further weakening his political position.

Trump has plastered 10% taxes on imports from almost every country on earth. He's also imposed 25% duties on cars, aluminum, steel, and many imports from Canada and Mexico.