White House Insists China 'Will Be Absorbing' Tariff Costs Despite Treasury Secretary Admitting Burden 'May Get Passed to Consumers'

The White House insisted Monday that Chinese companies will pay tariffs on goods, not American consumers. (Credit: X)

White House Press Secretary Karoline Leavitt insisted on Monday that China "will be absorbing" the cost of tariffs on its exports despite U.S. Treasury Secretary Scott Bessent previously admitting the burden "may get passed to consumers."

Over the weekend, President Donald Trump wrote in a Truth Social post that "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain" after the company's CEO revealed during an earnings call days prior that, "given the magnitude of the tariffs," the company will be raising prices.