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Walmart hopes China can save it from Trump’s tariffs

Walmart is asking Chinese suppliers to lower their prices by up to 20% due to President Trump's tariffs.
Walmart has requested Chinese suppliers to reduce prices significantly, fearing that President Trump’s tariffs will raise costs for consumers.
Suppliers have largely resisted Walmart's demands, as many operate on thin margins that make deeper cuts unsustainable.
Some suppliers are considering sourcing materials from Vietnam to avoid the tariffs, although Trump aides have hinted at future tariffs on Vietnam as well.

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PBS NewsHour

Is Wal-Mart Good For America?

FRONTLINE offers two starkly contrasting images: one of empty storefronts in Circleville, Ohio, where the local TV manufacturing plant has closed down; the other--a sea of high rises in the South China boomtown of Shenzhen. The connection between American job losses and soaring Chinese exports? Wal-Mart. For Wal-Mart, China has become the cheapest, most reliable production platform in the world, the source of up to $25 billion in annual imports …

4 days ago·Washington, United States

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The Straits Times

Walmart asks Chinese suppliers for major price cuts amid Trump tariffs

Some suppliers have been asked to lower prices by as much as 10 per cent per round of tariffs. Read more at straitstimes.com.

5 days ago·Singapore

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Raw Story

+2 Reposted by 2 other sources

China tariffs aimed at Trump fan base but leaves wiggle room

by Matthew WALSHChina's retaliatory tariffs against US farm produce from corn to chicken are designed to hurt Donald Trump's voter base, but remain restrained enough to allow room for the adversaries to hash out a trade deal, analysts say.Since taking office in January, Trump has unleashed a storm of tariffs against friends and foes alike, this week hiking blanket duties on Chinese products, adding to a plethora of existing levies.ALSO READ: 'Ab…

5 days ago·United States

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Breitbart

Walmart Tells Chinese Suppliers to Absorb Cost of Trump's Tariffs

Walmart is telling its China-based suppliers to absorb the cost of President Donald Trump's increased tariffs on Chinese-made products. The post Walmart Tells Chinese Suppliers to Absorb Cost of Trump’s Tariffs appeared first on Breitbart.

6 days ago·United States

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New York Post

Walmart asks Chinese suppliers to slash prices as it faces Trump tariffs: report

Walmart has been pleading with Chinese suppliers to lower their prices as it fears President Trump’s tariffs will inflate costs, according to a report.

6 days ago·New York, United States

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