China Engages Walmart Over Reported Supplier Price Cut Demands Amid U.S. Tariffs
China’s Ministry of Commerce engaged in discussions with Walmart (WMT, Financials) regarding the company’s reported request for price reductions from Chinese suppliers in response to new U.S. tariffs, multiple media outlets reported. Reports from Chinese state media indicate that Walmart reportedly pushed producers of kitchenware and apparel as well as other suppliers to cut prices…