Walmart and China battle over retailer’s handling of Trump tariffs
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Walmart, the world’s largest retailer, recently collided with China to absorb Chinese suppliers Trump Tariffs:A number of Beijing seemed to threaten the company after it obviously asked Chinese suppliers to cut their prices to compensate for tariffs.
Chinese officials met with Walmart, which also operate the chain of its storage club, Sam’s club in China to discuss the retail claim that suppliers absorb tariffs. According to Bloomberg, Walmart has asked some of his Chinese suppliers to reduce their prices by 10%.
The Chinese flag and Walmart are displayed side by side. (Reuters / Leonhard Foeger and Joe Buglewicz / Bloomberg Via Getty Images)
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Officials said that the accident threatened by Wall Street Journal (WSJ). As a result, China’s Central Television wrote about social media that “if Walmart claims that suppliers reduce prices.”
WSJ also reported that “Walmart’s representatives say they will work Chinese Suppliers: Find ways to harm the interests of the parties, “they quote the people familiar with that question.
US President Donald Trump is taking part in a bilateral meeting with Chinese President Si Jin Institute during the G20 summit on June 29, 2019. (Reuters / Kevin Lamarque / Reuters)
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In 2023, Walmart appeared that he rely on Chinese suppliers. According to Reuters, 60% of Walmart imported from January to China from January to August, from 80% of 2018.
A Call with investors Last month, Walmart’s CFO John David Rain said that the trump tariffs were “unpredictable,” he added that he believes that the major retailer “can be very well navigated.”
However, he expressed concern about the possible impact of tariffs on daily consumers.
Bakery section in Walmart store, US SECAUCUS, New Jersey, USA, Tuesday, 2024. On March 5. (Gabby Jones / Bloomberg Getty Images / Getty Images)
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In response to USA, US exhaust trafficking, President Donald Trump forced a new 20% tariff on China, Besides Beijing is already against. The President defended his tariff policy during his message Joint Session of CongressA number
“China’s average tariff on our products is twice as we charge them,” said President Tramper in his message at the beginning of this month.
Walmart did not respond immediately to the request of Fox Business Comment.
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