US EditionChina is turning up pressure on Walmart. That could mean higher prices for US customers
- Walmart sought to persuade Chinese suppliers to reduce prices by 10% due to tariffs imposed by President Donald Trump, but faced rejection from the Chinese government who requested talks with Walmart executives.
- Chinese officials expressed their discontent with Walmart's pricing requests, contradicting US Treasury Secretary Scott Bessent's expectations that manufacturers would absorb the tariffs.
- Walmart's operations in China could suffer as the Chinese government applies increasing pressure amidst the US-China trade conflict.
- Experts warn that US consumers will bear the cost of these tariffs despite Walmart's efforts to maintain low prices, indicating a potential economic strain.
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14 Articles
14 Articles
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China's Trying to Put the Screws to Walmart Over Tariffs. Will It Work?
·Washington, United States
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China is turning up pressure on Walmart. That could mean higher prices for US customers
Walmart thought it could use its immense power as America’s biggest retailer to make Chinese suppliers eat the cost of President Donald Trump’s tariffs. But Walmart got a response it’s not accustomed to hearing: No.
·Atlanta, United States
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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