Walmart faces backlash over tariff discount demands from suppliers

Walmart is facing backlash for attempting to pass the financial burden of U.S. tariffs onto its Chinese suppliers, requesting price cuts of up to 10% to mitigate the impact of increased tariffs on imports. The company's strategy has drawn criticism from Chinese officials, who argue that such demands disrupt fair competition and could lead to further action against Walmart. Executives from Walmart have been summoned by Chinese authorities to discuss these negotiations amidst concerns that the retail giant is pressuring suppliers already operating on thin margins. Meanwhile, Walmart's efforts to maintain low prices for U.S. consumers are challenged by the rising costs of goods due to tariffs, raising the possibility of price increases at its stores. Despite maintaining a strong presence in China, Walmart is also exploring diversifying its imports to lessen its dependency on Chinese suppliers. The situation highlights the broader struggles retailers face amid escalating trade tensions between the U.S. and China.