Big news about Walmart and China! Walmart, a huge store, buys lots of stuff from China. Recently, there were worries about extra taxes (called tariffs) on goods from China to the US.
Walmart talked to Chinese officials about these tariffs. They wanted Chinese companies to lower their prices to help them pay these extra taxes. But Chinese officials said that might break the rules and cause problems.
- Walmart met with Chinese officials to discuss tariffs.
- Walmart asked suppliers to lower prices by up to 10% per tariff round.
- Chinese officials warned about potential legal issues.
- Walmart is trying to deal with the uncertain situation.
| Topic | Details |
|---|---|
| Tariffs | Extra taxes on goods |
| Walmart's Action | Asked suppliers for price cuts |
| China's Response | Warned about contract violations |
