Walmart feels the heat in China after reportedly demanding discounts to cope with Trump’s tariffs
Last week, Bloomberg reported that Walmart was trying to find a solution to its tariff woes by asking some of its Chinese vendors for significant price cuts of as much as 10% to offset the impact of US levies.
Walmart feels the heat in China after Trump imposes tariffs
Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in China for discounts to cope with rising tariffs imposed by Donald Trump.
2hon MSN
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