The ongoing tariff dispute between President Donald Trump and Walmart has sparked a heated debate. As the world's largest retailer, Walmart faces the challenge of absorbing increased costs due to tariffs,

Walmart is the latest U.S. retailer to warn of impending price increases due to the cost of Trump's tariffs, drawing ire from the Republican leader.

President Trump felt "horrible" about the impacts of tariffs on China that hit American businesses in April, Commerce Sec. Howard Lutnick said at an Axios event on Wednesday. Why it matters: Lutnick said the pain was necessary — but he again insisted prices won't rise for consumers.