Walmart Pushes Chinese Suppliers for Price Cuts

Walmart is urging its Chinese suppliers to absorb the costs of U.S. tariffs by reducing prices by up to 10%, as reported by multiple sources including Bloomberg and Newsmax. This push comes as President Trump's tariffs on Chinese imports have increased costs, with Walmart aiming to mitigate these by passing them onto suppliers. Suppliers, especially in the kitchenware and apparel sectors, are resistant due to already thin profit margins, and many are considering alternative sourcing from Vietnam to offset rising costs. Despite Walmart's efforts to maintain low prices for consumers, only a few suppliers have agreed to the proposed price cuts. This situation highlights the broader challenges faced by retailers in managing tariff impacts without raising consumer prices.