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Walmart Asks Chinese Suppliers For Major Price Cuts Amid Trump Tariffs
The Straits Times
|March 08, 2025
Walmart has asked some Chinese suppliers for major price cuts, with the US retail giant's efforts to shift the burden of President Donald Trump's tariffs facing strong pushback from Chinese firms, according to people familiar with the matter.
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NEW YORK -
Other top American retailers may follow suit. In one of the first comments after the tariffs were enacted, Target chief executive Brian Cornell said on March 4 it is having discussions with vendors about the next steps.
As for Walmart, some suppliers, including producers of kitchenware and clothing, have been asked to lower prices by as much as 10 per cent per round of tariffs, essentially shouldering the full cost of Mr Trump's duties, according to the people. Negotiations are held with individual manufacturers and the price cuts differ by firm, they added.
So far, few have acquiesced. Suppliers' margins are already razor-thin due to Walmart's strategy of procuring goods cheaply in order to maintain its competitive advantage, according to the people.
Dit verhaal komt uit de March 08, 2025-editie van The Straits Times.
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