Walmart Asks China Suppliers For Price Cuts

WALMART HAS ASKED some Chinese suppliers for major price reductions, with the US retail giant's efforts to shift the burden of President Donald Trump's tariffs facing strong pushback from firms in the Asian nation, according to people familiar with the matter.

- BLOOMBERG

Some suppliers, including producers of kitchenware and clothing, have been asked to lower their prices by as much as 10% per round of tariffs, essentially shouldering the full cost of Trump's duties, according to the people, who asked not to be identified as the information is private. Negotiations are held with individual manufacturers and the price cuts differ by firm, they said.