The Trump administration’s war with Walmart continued on Sunday, as Treasury SecretaryScott Bessent admitted in an interview that Americans would be paying higher prices at the big-box retailer and other stores across the country.
His remarks come after Walmart’s CEO Doug McMillon told the company’s investors on an earnings call that tariff pressures “accelerated” during the first half of May and that consumers would soon see real price hikes across a wide range of goods, likely by the end of June. McMillon’s position was then confirmed by Walmart’s chief financial officer John David Rainey during an interview with CNBC.
