Catenaa, Wednesday, April 02, 2025- US retailing giant Walmart is continuing to push Chinese suppliers to cut prices to offset President Donald Trump’s tariffs, Bloomberg reported on Tuesday, as liberation day is at hand.
Quoting sources, Bloomberg said some Chinese manufacturers are finding it difficult to meet Walmart’s demands to cut prices by as much as 10% for each round of Trump’s tariffs.
Beijing officials met with Walmart last month to discuss media reports that the US retailer has asked Chinese suppliers to slash prices on their goods to offset the impact of the Trump administration’s tariffs.
Walmart shares were down by 0.43% premarket on Wednesday, the retailer has gained by 4.8% in the last five trading days despite being down by 1.68% so far in the year.
Walmart has been working to mitigate the impact of tariffs since the US President Donald Trump’s first term by diversifying its supply chain and reducing its reliance on China.
However, China remains a significant source for Walmart’s discretionary merchandise, such as clothing, electronics, and toys. A substantial portion of these imports, including items like Reebok shoes, Mattel toys, Onn TVs, t-shirts, belts, shoes, and appliances, still come from China.
A Walmart spokesperson said the company’s conversations with suppliers are all aimed at offering low prices and that it will work closely with them to find the best path forward. Other US retailers, from Target to Costco Wholesale, have said tariffs will likely increase prices and that they would work with vendors.
Items from clothes to home goods are expected to be especially affected by duties on goods from China, according to industry analysts.
