President Trump recently slapped some tariffs on various goods from China, and now Walmart, America’s largest retailer as well as America’s largest employer, is starting to grow concerned about the added cost. The chain relies on inexpensive goods from China, and those goods are about to get more expensive, and China is balking at absorbing the cost.
Walmart thought it could use its immense power as America’s biggest retailer to make Chinese suppliers eat the cost of President Donald Trump’s tariffs. But Walmart got a response it’s not accustomed to hearing: No.
Trump has slapped 20% tariffs — or taxes on imported goods — on all products coming from China. That’s put the squeeze on retailers like Walmart, which imports a lot of merchandise from China and sells those goods at the lowest price possible to American…
