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walmart warns trump tariffs may force price hikes: letter - gas grills

by:Longzhao BBQ     2020-03-29
walmart warns trump tariffs may force price hikes: letter  -  gas grills
(Reuters)-Walmart Inc (WMT. N)
According to a letter from the company to the United States, the company said that if the Trump administration imposes tariffs on Chinese imports, it could raise the price of its productsS.
Two weeks ago, trade representative Robert Lighthizer was seen by Reuters on Thursday.
This letter is in the United States. S.
President Donald Trump has imposed tariffs on $200 billion worth of Chinese goods.
Wal-Mart, the world's largest retailer, said in the letter that tariffs would affect the prices of all goods from food to beverages and personal care products.
Wal-Mart confirmed the letter and urged both countries to find a solution in a statement to Reuters. The U. S.
The office of the trade representative did not immediately comment.
Earlier this week, Trump escalated a trade war with China, imposing a 10% tariff on about $200 billion worth of Chinese imports, including gas grills, luggage and travel bags, mattresses and
"As the largest retailer in the United States and a major buyer in the United StatesS.
Manufacturing products, we are very worried about the impact of these tariffs on our business, our customers, our suppliers and the United StatesS.
"The overall economy," Wal-Mart wrote in a letter to Lighthizer . ".
Wal-Mart includes gas stoves, bicycles, Christmas lights and bicycles in its list of consumer goods that may be affected by these tariffs.
The news was first reported by CNN Money citing Wal-Mart's letter.
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