US-China trade war escalates: US retailers make Chinese suppliers bear the high tariffs

Overseas media: US retail giants require Chinese suppliers to bear up to two-thirds of the tariff costs

In the context of the ongoing China-US trade war, large American retailers are requiring Chinese suppliers to bear up to 50% to 66% of the import tariff costs.

Previously, companies like Walmart had agreed to shoulder the tariffs themselves in order to maintain price stability. However, their recent stance has changed, with requests for Chinese and Southeast Asian suppliers to share the majority of the tariff burden. Affected brands also include Target, Nike, Puma, and Adidas, among others. Negotiations are still ongoing, and the sharing ratio has yet to be finalized.

Sources indicate that this change is due to increased domestic political pressure and profit pressures, as the industry faces a difficult period.

Original article: https://www.toutiao.com/article/1833608931249155/

Disclaimer: The article solely represents the author's个人观点