Treasury Secretary Scott Bessent states Walmart may have to raise prices due to Trump's tariffs, despite the President's warnings to avoid doing so. As inflation concerns linger, Bessent downplays the impact on consumers.
In a recent interview, Treasury Secretary Scott Bessent downplayed inflation fears linked to Trump’s tariffs, emphasizing Walmart’s ability to absorb costs. He praised strategic uncertainty in trade negotiations while addressing concerns over rising consumer prices.
In a surprising move, President Trump has exempted oil, gas, and refined products from new tariffs, sparking relief among U.S. oil producers worried about rising costs and disrupted supplies.
In a bold move, President Trump announces a 25% tariff on countries purchasing oil from Venezuela, effective April 2. This decision is linked to concerns over violent immigration from Venezuela, impacting global oil markets as prices surge.
In a surprising turn, retail sales rose 0.2% in February despite inflation worries, showcasing consumer resilience. Key sectors like online retail and personal care saw growth, but bars and gas stations faced declines.
