Walmart Reportedly Lobbying for Supplier Price Cuts as Tariffs Loom | PYMNTS.com
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By PYMNTS | April 2, 2025 | Walmart is reportedly pushing suppliers in China to reduce prices to mitigate new tariffs.The effort, the subject of a Bloomberg News report late Monday (April 1), is happening despite a recent summit between Walmart executives and the Chinese government to discuss the issue, and warnings of potential retaliation by Beijing.Sources told Bloomberg the retail giant has not relented in its request that suppliers lower prices by up to 10% for each round of tariffs. The report notes that Walmart’s unchanging position shows the lengths U.S. companies are going to ease the blow from the new tariffs.Pressures are likely to ramp up even further when President Donald Trump introduces new reciprocal tariffs Wednesday (April 2), adding to the 20% levies on Chinese imports.A source familiar with the matter said the negotiations between Walmart and its suppliers are happening on a product-by-product basis and not according to countries of origin. Sources also said that so...