Consumer
Walmart Keeps Price Pressure on Suppliers After Beijing Pushback
This article is for subscribers only.
Walmart Inc. is continuing to push Chinese suppliers to cut prices to offset President Donald Trump’s tariffs, even after Beijing officials summoned the US retailer’s executives last month to discuss the issue, according to people familiar with the matter.
The world’s largest retailer has not backed down from its requests to suppliers to cut prices by as much as 10% for each round of tariffs, essentially asking them to shoulder Trump’s duties, according to the people, who asked not to be identified as the information is private.