The media, citing insiders, published information according to which Walmart continues to push Chinese suppliers to cut prices as part of efforts to offset tariffs from the United States on imports of goods from the Asian country.
It is worth noting separately that the mentioned US retailer implemented the specified practice even after Beijing officials summoned executives of the company to discuss this issue.
At the same time, Walmart does not intend to abandon its requests to suppliers to cut prices by as much as 10% with each new round of tariff increases. Insiders point out that in this case, Walmart essentially asks suppliers to shoulder the duties of the President of the United States, Donald Trump. The informants of the journalists used the right of anonymity, since in this case, it implies discussions that are conducted in a strictly confidential mode.
Walmart’s position, which has not changed due to the impact of Chinese officials, as noted by the media, reflects the predicament that has recently become a reality for companies from the Asian country. Donald Trump’s tariffs are adding to the stress on top of slowing the growth of China’s economy, which is the second-largest in the world.
Separately, the media noted that Walmart’s negotiations with suppliers reflect the willingness of US companies in a practical sense to be persistent and unwavering in their desire to offset added costs associated with the tightening of the United States trade policy.
Insiders reported that negotiations between the retailer and suppliers are conducted across product categories.
As we have reported earlier, Walmart Partners With JPMorgan to Offer Embedded Payments for US Merchants.
