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Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. After President Donald Trump announced last month that the United States would impose a baseline 10-percent tariff on much of the world—with far higher rates for a set of other countries—economists warned that consumers would feel the impacts on a variety of products, including...

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Treasury Secretary Scott Bessent on Sunday played down inflation risks from the Trump administration's tariffs, saying that he spoke to the head of Walmart and the retailer's warnings of price increases for consumers were simply a “worst case scenario.” As doubts persist about President Donald Trump's economic leadership, Bessent pushed back against inflation concerns, praised the uncertainty...

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This is an adapted excerpt from the May 15 episode of "Deadline: White House." Walmart, the largest retailer in the United States, has confirmed that Donald Trump’s trade war will lead to an increase in costs for consumers. “The higher tariffs will result in higher prices,” Walmart CEO Doug McMillon said during an earnings call on Thursday. “We will do our best to keep our prices as low as...

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