KEY TAKEAWAYS Walmart has become the latest example of a big company catching high profile political pushback in a still-fluid trade environment, as President Trump said on social media Saturday that the retail giant should "eat the tariffs.

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.