Speaking at the Cannes Film Festival where his latest movie, "The Phoenician Scheme" is showing in competition, director Wes Anderson admits he's confused about U.S.

Treasury Secretary Scott Bessent said retail giant Walmart "will be absorbing" the impact of President Donald Trump's signature tariffs, but some costs "may get passed on to consumers." Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before,

President Trump spoke out against mega-retailer Walmart Saturday as the company floated price increases on its products due to Trump’s universal tariffs. CNBC retail and consumer reporter Melissa Repko joins Alex Witt to break down the exchange and what it means for your bottom line.

Treasury Secretary Bessent told NBC that if nations don't want to negotiate with the US, then their tariffs will "spring back to the April 2nd level."