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Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports
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Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports
Mar 6, 2025 2:28 AM

March 6 (Reuters) - Walmart ( WMT ) has asked some

Chinese suppliers for major price cuts, with the U.S. retail

giant's efforts to shift the burden of President Donald Trump's

tariffs facing strong push back from firms in the Asian nation,

Bloomberg News reported on Thursday.

Certain suppliers, including makers of kitchenware and

clothing, have been asked to lower their prices by as much as

10% per round of tariffs, likely shouldering the full cost of

Trump's duties, the report said, citing people familiar with the

matter.

According to the report, few have accepted. Suppliers'

margins are already razor thin due to Walmart ( WMT ) procuring goods

cheaply in order to maintain its competitive advantage.

The retailer initially requested price reductions from

manufacturers when Trump's first round of tariffs on China took

effect in early February, with the request for additional cuts

coming later the same month when he threatened to double duties,

the report said.

Walmart ( WMT ) did not immediately respond to a Reuters' request

for comment.

Last month, the U.S. retailer forecast sales and profit for

the current year below expectations, citing the need for caution

in navigating an uncertain geopolitical landscape cast by high

interest rates and Trump's tariffs.

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