Bessent warns some steep ‘liberation day’ tariffs may return, dismisses Moody’s downgrade - MarketWatch
1. Tariffs may rise if trade negotiations fail before the July deadline. 2. Walmart plans to raise prices owing to increased import costs. 3. Tariffs burden could partially be absorbed by Walmart, affecting consumer costs. 4. Bessent discussed tariff impacts with Walmart CEO Doug McMillon recently. 5. Moody's credit downgrade dismissed as irrelevant by Treasury Secretary Bessent.