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Bessent says that Walmart Price 'Worst-Case scenario “asks Trump Walmart to eat the tariffs,” eat “tariffs.

Bessent says that Walmart Price 'Worst-Case scenario “asks Trump Walmart to eat the tariffs,” eat “tariffs.

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After President Donald Trump announced Walmart on Saturday, it should “eat the tariffs” instead of increasing prices. Finance Minister Scott Bessent did the round at the talk shows on Sunday morning to downplay the inflation risks of the administration tariffs. Bessent said that he spoke to the CEO of Walmart, Doug McMillon on Saturday, reported the Associated Press and added that the retailer warning of impending price increases was only a “worst case”.

Bessent also played down the downgrade on Friday of the US government's debt through Moody's Ratings.

Trump, fresh from a trip to the Middle East, also renewed his criticism of the chairman of the Federal Reserve, Jerome Powell, and asked Walmart to “eat the tariffs” after the retailer had probably warned that it would probably have to increase prices.

“Walmart should stop accusing the tariffs for increasing prices in the entire chain. Walmart earned billions of dollars last year, much more than expected. As I said, they should” eat the tariffs “and not on.

Walmart (WMT) said on Thursday that rising costs from tariffs could soon lead to higher prices for buyers. The company was the youngest, which, due to Trump's tariffs who disrupted global trade, skipped profit instructions in the second quarter.

Trump also said on Saturday that the Federal Reserve should lower the tariffs “earlier than later” and further expressed its frustration via Powell

“Too late Powell, a man legendary because he is too late, it will probably blow again – but who knows ???” Added.

President Trump said on Friday that the United States will determine collective bargaining prices for its trading partners in the next few weeks. He said his administration could not negotiate trade agreements with all countries due to limited capacity.

“I think we will be very fair. But it is not possible to meet the number of people who want to see us,” said the president during a meeting with managing directors in the United Arab Emirates.

In the meantime, Trump's visit to the Middle East has opened the door for Saudi Arabia and the United Arab Emirates to advance their AI ambitions, whereby companies such as Nvidia (NVDA) and Advanced Micro Devices (AMD) are hired for the delivery of advanced chips.

Here are the latest updates because the guideline all over the world canceled.

LIVE 915 updates

  • Besser calls Walmart's warning before the tariff in connection with the price to increase a “worst-case scenario”

    After President Donald Trump announced Walmart on Saturday, it should “eat the tariffs” instead of increasing prices. Finance Minister Scott Bessent did the round at the talk shows on Sunday morning to downplay the inflation risks of the administration tariffs. Bessent said that he spoke to the CEO of Walmart, Doug McMillon on Saturday, reported the Associated Press and added that the retailer warning of impending price increases was only a “worst case”.

    Bessent also played down the downgrade on Friday of the US government's debt through Moody's Ratings.

    Read more here

  • The uncertainty of the Trump tariff still makes income estimates and instructions useless

    Last week in the US markets, the editor-in-chief of Yahoo Finance, Brian Society, wrote on Sunday morning that there was a thing in the middle of better winning reports that continued to annoy him:

  • Josh Schafer

    Tariffs fall faster than Wall Street expected

    Josh Schafer from Yahoo Finance writes that the effective tariff rate of the United States reduced in a stock marketing rally last month. At 14.4%, the effective US tariff rate is almost at its level before the “liberation day”, as our diagram of the week shows:

    But the news is not just about what is said. It is also about how what was said corresponds to the expectations of investors. On April 2, the tariffs surprised negatively when Trump's announcements, as we wrote at the time, “worse than expected”.

    Well, the latest round of the tariff announcements expressed a contrast: “Better than feared.”

    Read more here

  • Brian Society

    Trump says Walmart should eat the tariffs “instead of increasing the prices

    Walmart (WMT) joins the rocker Bruce Springsteen and pop music icon Taylor Swift to get a verbal whip of President Trump on social media this week.

    The President tore Walmart Execs on Saturday for the signaling of inexpensive interest rate increases from the tariffs, which should begin until later this month.

    “Walmart should stop accusing the tariffs for increasing prices in the entire chain. Walmart earned billions of dollars last year, much more than expected. As I said, they should” eat the tariffs “and not on.

    “We have always worked to keep our prices as low as possible and we won't stop. We will keep prices as low as possible as long as we can give the reality of small retail margins,” said a Walmart spokesman for Yahoo Finance.

    The CEO of Walmart, Doug McMillon, was one of the CEOs who met with the President at the end of April to discuss the effects on the tariffs. A person familiar with the discussions announced Yahoo Finance Walmart that he was able to remove tariffs in China, since lower tariffs would have significant effects on prices for general goods such as furniture and toys.

    Read more here

  • Trump pushes the feeding on interest rate cuts, renewing the criticism of Powell

    President Donald Trump said on Saturday in a social media post that the US Federal Reserve should lower the tariffs “earlier than later”.

    Trump also criticized the head of the central bank, Jerome Powell.

    “The consensus of almost all is that 'the Fed should lower the interest sooner than later,” said Trump in the post.

    “Too late Powell, a man legendary because he is too late, it will probably blow again – but who knows ???” Added.

    Read more here

  • Uncertainty about the global economy due to tariffs overshadow better than fed Q1 results

    When the winning season ended in the first quarter, many companies had better than expected results. Bloomberg, however, reports on the overarching uncertainty in the global economy – mostly on the tariffs of President Donald Trump – continues to report: Bloomberg continues:

    Read more here

  • Trump ready to travel to China to meet with XI

    Bloomberg reports:

    Read more here.

  • Consumer feeling hits the second lowest reading

    Josh Schafer from Yahoo Finance reports:

    Read more here.

  • Jenny McCall

    The South Korean minister asks for exemption from US tariffs at the Greer meeting

    Reuters reports:

    Read more here.

  • Jenny McCall

    Trump says that the United States will determine collective bargaining prices for other nations in weeks

    President Donald Trump said on Friday that he would choose collective bargaining prices for US trading partners in the next few weeks.

    He said the United States cannot deal with all of the tariffs at once.

    Bloomberg News reports:

    Read more here.

  • Jenny McCall

    Japan to keep a better trade agreement with us

    Japan urges 25% car tariffs to completely remove Trumps and signals that it will not be satisfied with a partial contract. Tokyo strives to avoid domestic counter -reactions by keeping it on better conditions.

    The FT reports:

    Read more here.

  • Jenny McCall

    “Export Rush” China as a company who strives to hold the best out of tariff

    CNN reports:

    Read more here.

  • Jenny McCall

    Walmart's tariff warning conjures up trouble for US retailers

    Walmarts (WMT) Latest tariff warning signals the price hikes in advance – and retailers like Best Buy and Mattel could feel the pinch. The Senior Reporter of Yahoo Finance, Brooke Dipalma, reports:

    Read more here.

  • Jenny McCall

    The Trump administration takes into account to add Chinese chip makers to export the blacklist

    The FT reports:

    The Trump administration plans to put a number of Chinese chip make-up companies on a blacklist for export, but some civil servants want to delay the step to avoid the efforts that the efforts come with a long-term trade agreement with China.

    The trade department has put together a list of Chinese companies – including memory chipmaker Changxin Memory (CXMT) – to add the “entity list”, according to five people who are familiar with the matter.

    Some of the people said that the office for industry and security, the arm of the trade department, monitored export controls, had designed a list that also comprises the subsidiaries of the semiconductor -Manufacturing International Corp, China's largest chip maker and Yangtze Memory Technologies Co, the largest memory chipmak. SMIC and YMTC are already on the list.

    Read more here.

  • Jenny McCall

    China-US's 90-day tariff weapon arrest should be expanded, says state media that say state media

    China's state media Global Times said that the 90-day tariff break, which is too short of the USA and China, was too short. The deal was done last weekend through trade talks in Switzerland. Now both sides are being discussed in Korea.

    Reuters reports:

    Read more here.

  • The US China tariffs are expected to remain 30% after the effort, say analysts say

    Donald Trump's far-reaching tariffs for Chinese imports are expected to remain 30%, from the previous 145% according to the current 90-day stop while a trade agreement is reached.

    Bloomberg reports:

    Read more here.

  • 4 in 5 Canadians believe that the old relationship of the USA is “over”, it says in the survey

    Bloomberg reports:

    Read more here.

  • Birkenstock increases the price of sandals to compensate for tariffs

    From July, Birkenstock (Birk) will start increasing the prices for its sandals and constipation with low single -digit digits in order to pass on the tariff costs, according to Reuters.

    The 251-year-old company produces its shoes in Germany, which is currently exposed to an article in the USA with a 10% tariff course. If the United States and the European Union did not take a new trade agreement before a 90-day tariff break, this rate will shoot to 20% on July 9th.

    “We will completely compensate for the effects of the current tariffs,” Birkenstock CFO Ivica Krolo told Reuters in an interview. “We don't just raise it in one region, we see it as a global exercise.”

    Read more here.

  • The retail turnover slows down heavily in April when the expenses before the tariff lanes turn around

    Josh Schafer from Yahoo Finance reports:

    Read more here.

  • The EU is preparing the new trade proposal, while the tariff discussions are slowly moving

    Bloomberg News reports:

    Read more here.

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