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US Trade Talks Progress as Walmart Absorbs Tariff Costs

5/18/2025

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Summary

Story summary

US Treasury Secretary Scott Bessent shared a hopeful outlook on tariff proposals as trade talks progress, stressing the need for sincerity in negotiations. In a bid to keep prices stable, Walmart intends to absorb some tariff costs. Meanwhile, President Trump is considering a trip to China to address economic concerns and ease trade tensions.

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Story summary

US Treasury Secretary Scott Bessent shared a hopeful outlook on tariff proposals as trade talks progress, stressing the need for sincerity in negotiations. In a bid to keep prices stable, Walmart intends to absorb some tariff costs. Meanwhile, President Trump is considering a trip to China to address economic concerns and ease trade tensions.