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Walmart, the world’s largest retailer, recently collided with China and ask to absorb Chinese suppliers Trump tariffBeijing threatened the company that it apparently asked Chinese suppliers to reduce their prices to offset the impact of tariffs.
Chinese authorities met with Walmart, who also operates the supplier of tariffs in China to discuss the request of its warehouse club chain, Sam club, retailer. According to Bloomberg, Walmart allegedly asked some of his Chinese suppliers to reduce their prices by 10%.
China’s flag and a Walmart are shown together. ,
According to the Wall Street Journal (WSJ), officials allegedly released a danger. The outlet stated that China Central Television wrote on social media that “IF Walmart emphasizes” suppliers cut prices, “Then it’s not just a matter to wait for Walmart.”
The WSJ also stated that “Walmart representatives said they will work together Chinese supplier To find ways to avoid damaging the interests of the parties involved, “citing people familiar with the matter.
US President Donald Trump attends a bilateral meeting with Chinese President Xi Jinping during the G20 Leaders summit in Osaka, Japan on June 29, 2019. (Reuters / Kevin Lamark / Reuters)
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In 2023, Walmart appeared to reduce its dependence on Chinese suppliers. According to an estimate by Reuters, 60% of Walmart’s 60% of imports came from China from January to August 2023, which was below 80% in 2018. According to the outlet, the big box retailer started importing more goods from India.
One in Call with investors Last month, Walmart CFO John David Renny said Trump Tariffs were “unexpected”, but said he believed that the major retailers could “navigate very well.”
However, he expressed concern about the potential effects of Trump Tariff on everyday consumers.
A bakery section in a Walmart Store in Securities, New Jersey, US, Securities, US on Tuesday, March 5, 2024. (Gabby Jones / Bloomberg Getty Image / Getty Image)
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In response to Phantanile Trafficking in the US, President Donald Trump imposed a new 20% tariff on China, in which Beijing was already in addition to the face. The President defends his tariff policies during his address Joint session of Congress,
In his address earlier this month, President Trump said, “China’s average tariff is twice on our products that we charge on them.”
Walmart did not immediately respond to the request of Fox Business to comment.
