Walmart will absorb some tariffs imposed by President Trump, according to Treasury Secretary Scott Bessent, who cited a phone call with Walmart CEO Doug McMillon. This contradicts Walmart's earlier statement that price increases were unavoidable due to the tariffs. While Walmart remains silent on the conversation, a source suggests the company's stance hasn't changed. Trump previously demanded Walmart 'eat the tariffs', following their announcement of price hikes. Bessent claims Walmart will partially absorb tariffs, as they have done previously. The conflicting statements highlight the ongoing tension between the Trump administration and US businesses over the impact of tariffs.

Prepared by Christopher Adams and reviewed by editorial team.