China Confronts Walmart Over Supplier Price Cuts Linked to US Tariffs

Walmart’s China troubles, McDonald’s gets fast, and Starbucks’ powered revamp: Retail news roundup

Walmart (WMT) was summoned by Chinese officials for attempting to pass U.S. tariff costs onto suppliers, but it’s hardly alone in its approach. McDonald’s is splitting its teams to conquer beef, chicken, and beverages. Starbucks (SBUX) is encouraging customers to sip their coffee in comfy seats and charge their phones – as long as they buy something. Meanwhile, Best Buy (BBY) is keeping up with digital trends, following in the footsteps of Amazo…

Walmart caught in the crossfire of US-China trade wars as they want lower prices

Walmart has a heavy presence in Chinese retail sector besides sourcing products from Chinese suppliers.

Beijing warns Walmart over price cut demands amid ongoing Trump tariffs

Chinese commerce officials warned Walmart that its demand could disrupt the supply chain and hurt both sides.

Walmart and China spar as big-box retailer asks suppliers to slash prices

Walmart, the world’s largest retailer, recently clashed with China after asking Chinese suppliers to absorb the Trump tariffs. Beijing appeared to threaten the company after it apparently asked Chinese suppliers to slash their prices to offset the impact of the tariffs.Chinese officials met with Walmart, which also operates its warehouse club chain, Sam’s Club, in China, to discuss the retailer’s request that suppliers absorb the tariffs. Walmar…

The Chinese authorities quoted Walmart executives on Tuesday after receiving reports that the company asked suppliers to take on the rising costs of rising US tariffs.Several Chinese authorities, including the Ministry of Commerce, met with the US retailer to learn about their negotiations on price cuts with suppliers in China, according to a publication by Yuyuantantian, an account of Weibo affiliated with State China's Central Television, whic…

Walmart feels the heat in China after reportedly demanding discounts to cope with Trump’s tariffs

Hong Kong (CNN) — Walmart is getting caught in the middle of an escalating trade war between the United States and China.