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Walmart Adjusts to Trump's Tariffs Through a Price-Changing Tool
- App lets vendors submit cost hikes quickly and cite levies
- ‘Increased tariffs lead to increased prices,’ CFO said in May
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Walmart Inc. has updated the information network used daily by its suppliers to let them submit cost increases that are directly attributable to higher U.S. tariffs on Chinese goods.
The retailer introduced the tool, dubbed “Cost Change Scenario,” a year ago and has been rolling it out across product categories, according to internal memos and emails obtained by Bloomberg. The online application, whose existence hasn’t previously been reported, replaces Excel-based forms that vendors had to fill out manually. The new process is quicker and lets vendors choose a reason for the cost hike from a menu that includes tariffs, labor, transportation and raw materials.