China Criticizes Walmart for Pressuring Suppliers to Absorb Tariff Costs

Walmart faces backlash from Chinese officials and suppliers after requesting price cuts to offset U.S. tariffs under Trump's trade policies.

Chinese authorities summoned Walmart executives to discuss the retailer's reported demand for price reductions of up to 10% from local suppliers to offset U.S. tariffs.
State media and commerce officials criticized Walmart's approach, warning that such demands could disrupt supply chains and violate trade agreements.
Walmart has defended its actions, stating its goal is to maintain low prices for consumers, but acknowledged potential price increases due to tariffs.
The Trump administration recently raised tariffs on Chinese imports to 20%, intensifying trade tensions between the U.S. and China.
Chinese suppliers, already operating on thin margins, have largely resisted Walmart's requests, with some warning that further cuts could lead to significant losses.