Walmart warns Trump tariffs may force higher prices

Walmart warns Trump tariffs may force higher prices

Ma's statement comes on the heels of the Trump administration imposing tariffs on $200 billion worth of imports from China and the Chinese reacting with tariffs on about $60 billion worth of US goods.

"The U.S. retail giant Walmart is reported to have urged the Trump administration to roll back on its new tariffs on Chinese imports".

Walmart said the tariff would impact prices of everything from food products to beverages and personal care items.

His comments appear to address claims that China is using its currency as a tool in the trade war with the USA and come after the Trump administration announced it would impose new tariffs on $200bn worth of Chinese goods.

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"Walmart and our suppliers will pay the cost of increased duties, which are simply taxes levied on products at the border", Thorn wrote.

Ma told China's Xinhua news agency Wednesday the promise he made - shortly before Trump took office - was based on friendly cooperation between the United States and China and rational growth for China-U.S. trade. But most don't support Mr. Trump's tariffs as a way to prompt better behavior from Beijing.

About 10 percent of Walmart's sales previous year was linked to China. That would mean another $267 billion of Chinese imports would be subject to USA tariffs - in all, every item imported from China. Officials have not confirmed if the US would be affected by the move.

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