Walmart, one of the nation’s biggest retailers, is telling its China-based suppliers to absorb the cost of President Donald Trump’s increased tariffs on Chinese-made products.
Sources told Bloomberg News that Walmart is asking Chinese suppliers to cut their prices — some by as much as 10 percent — so that Trump’s increased tariffs on China will be absorbed by the retailers rather than American consumers.
Chinese suppliers are reportedly trying to resist any lowering of their prices while some manufacturers are having to go outside China to source their materials.
A spokesperson for Walmart told Bloomberg that the retailer is looking to keep prices as low as possible for American consumers amid the increased tariffs on China.
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The request from Walmart shows, yet again, that companies
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