financetom
Business
financetom
/
Business
/
Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Walmart asks China suppliers for price cuts on Trump tariffs, Bloomberg News reports
Mar 6, 2025 2:47 AM

(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Inventiva Names Jason Campagna Chief Medical Officer
Inventiva Names Jason Campagna Chief Medical Officer
Jul 9, 2025
04:36 PM EDT, 07/09/2025 (MT Newswires) -- Inventiva ( IVA ) said late Wednesday it appointed Jason Campagna as chief medical officer and president of research and development. Campagna succeeds Michael Cooreman, who is departing as chief medical officer. Co-founder and Chief Scientific Officer Pierre Broqua will transition to a consulting role as scientific advisor. Campagna most recently was the...
Rhythm Pharmaceuticals to Offer $150 Million in Common Stock
Rhythm Pharmaceuticals to Offer $150 Million in Common Stock
Jul 9, 2025
04:37 PM EDT, 07/09/2025 (MT Newswires) -- Rhythm Pharmaceuticals ( RYTM ) said late Wednesday it plans to offer $150 million of common stock. The company also plans to offer the underwriters a 30-day option to buy up to $22.5 million of additional shares. Shares of the company were down 1.7% in recent after-hours activity. Price: 87.50, Change: -1.50, Percent...
Uipath Insider Sold Shares Worth $592,668, According to a Recent SEC Filing
Uipath Insider Sold Shares Worth $592,668, According to a Recent SEC Filing
Jul 9, 2025
04:37 PM EDT, 07/09/2025 (MT Newswires) -- Daniel Dines, 10% Owner, Director, CEO and Chairman, on July 09, 2025, sold 45,000 shares in Uipath ( PATH ) for $592,668. Following the Form 4 filing with the SEC, Dines has control over a total of 30,441,961 Class A common shares of the company, with 24,918,585 shares held directly and 5,523,376 controlled...
APA curtails US natgas and NGL production in second quarter on weak prices
APA curtails US natgas and NGL production in second quarter on weak prices
Jul 9, 2025
July 9 (Reuters) - Oil and gas firm APA Corp ( APA ) said on Wednesday it curtailed about 10 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 750 barrels per day of U.S. natural gas liquids production in the second quarter in response to weak prices. ...
Copyright 2023-2025 - www.financetom.com All Rights Reserved