The Chinese Ministry of Commerce has negotiated with Walmart, and then the US retail giant asked for accounting for tariff costs from Chinese suppliers, State supported mass media Wednesday.
Arrived after the notification Bloomberg reported last Thursday This Walmart asked some Kazakhstani suppliers, including kitchen and clothing manufacturers, to reduce 10% of each turnover of each turn of each round of prices.
“If this is true, do not require Walmart to need to increase all tariffs to Chinese suppliers, which does not require raising all tariffs, which is said in the CNBC translation of Chinese.
According to Walmart, it can cause a risk of destruction of the supply chain and harm the interests of Chinese and American consumers, which could not adjust its direction.
An additional 10% duty officer of US President Donald Trump Chinese goods have entered into force on March 4After a 10% tariff on February 4.
Most Chinese suppliers are already swimming with a “razor thin” profit margin
Chinese and American companies have “introducing unilateral tariffs,” said Chinese public institutions.
