Walmart forcing Chinese suppliers to cover US tariffs?
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China's Ministry of Commerce warns that if Walmart insists on pressuring Chinese suppliers to cut prices, what awaits it will be more than just being summoned for talks. Reports say Walmart is forcing Chinese suppliers to cut prices, shifting US tariff costs onto them. Quick note: over 60% of Walmart's global products come from China, and it has been one of Walmart's fastest-growing markets. Analysts say this could harm both Chinese suppliers and American businesses and consumers. Walmart should work with suppliers, not push the burden onto them.
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