Retail giant Walmart requests supplier price cuts amid Trump tariffs

  • Tariffs are taxes on imported goods
  • Trump announced 20% tariffs on imports from China
  • Consumers could face higher prices as retailers pay more amid tariffs

A Walmart store sign is visible from Route 28 in Derry, New Hampshire, in Nov. 2020. (AP Photo/Charles Krupa, File)

Want to see more of NewsNation? Get 24/7 fact-based news coverage with the NewsNation app or add NewsNation as a preferred source on Google!

(NewsNation) — As President Donald Trump imposes tariffs on major export countries, including China, large retailers are looking for ways to cut costs.

Walmart Inc. has reportedly asked Chinese suppliers for price cuts, as much as 10% per round of tariffs, according to Bloomberg.

People familiar with the matter, who did not want to be identified, told the outlet that any reduction beyond 2% would be a profit loss. So far, none of the suppliers have agreed to Walmart’s request.

“It’s basically undoable,” fashion accessories supplier, Lily Lu told Bloomberg. “When you think it can’t get any crazier, it does.”

With tariffs come higher costs for retailers. In a domino effect, the price may trickle down to consumers. Big box retailers like Target and Best Buy have already warned customers of rising prices.

Trump announced he would impose 20% tariffs on China and 25% on Canada and Mexico. He has since delayed the tariffs on the latter two countries.

A tariff is a tax levied by a government on imports from another country.

Business

Copyright 2026 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

AUTO TEST CUSTOM HTML 20260112181412