Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’

News Snapshot:

Open this photo in gallery: Bicycles are displayed at a Walmart, on April 16, in Groton, Conn.Julia Demaree Nikhinson/The Associated Press 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 caused by Trump as a negotiating tactic for trade talks and dismissed the downgrade Friday of U.S. government debt by Moody’s Ratings....