In a recent exchange, CBS News correspondent Weijia Jiang questioned Trump Press Secretary Karoline Leavitt about conflicting messages regarding the impact of tariffs on American companies. While President Trump claimed that companies like Walmart would absorb costs, Leavitt suggested the president believed Chinese manufacturers would ultimately bear these expenses. Walmart's CEO Douglas McMillon countered, stating that due to narrow profit margins, his company might not absorb all tariff-related pressures, implying that consumers could eventually face higher prices despite assurances from the administration.
Walmart's CEO highlighted the challenges in absorbing tariffs due to narrow retail margins, indicating that consumers might still face price increases.
Karoline Leavitt, Press Secretary, insisted that the economic burden of tariffs would not fall on American consumers, attributing cost absorption to Chinese producers.
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