Walmart feels the heat in China after Trump imposes tariffs
Walmart is getting caught in the middle of an escalating trade war between the United States and China. Chinese officials confirmed on Thursday they had met with executives from the US retail giant, following a news report that it had pressured its suppliers in China for discounts to cope with rising tariffs imposed by Donald Trump.
Beijing officials met with Walmart this week to discuss media reports that the U.S. retailer has asked Chinese suppliers to ...
The company believes its customers will feel at least some impact from the president's aggressive trade agenda.
Beijing's meeting with Walmart underscores Chinese leaders' concerns about the economy.
MGA Entertainment, a major supplier to Walmart (NYSE:WMT) and Target, is accelerating its shift away from China due to ...
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