Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb "some of the tariffs."

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

Treasury Secretary Scott Bessent described his call with the company’s chief executive a day after President Trump warned Walmart to avoid raising prices from the tariffs at all and vowed to keep a close watch on what it does.