In the wake of sweeping tariffs ordered by U.S. President Donald Trump, Walmart and Target told some Chinese suppliers to resume shipments to the U.S. after executives met with U.S. President Donald Trump last week – and major grocery chain Albertsons told suppliers it won’t accept tariff-related price hikes.
Two Chinese factories told CNN that Walmart and Target have resumed shipments, and the costs of the 145 percent import tariffs will be covered by the retailers, according to the South China Morning Post. Trump indicated that he may back off tariffs on China after CEOs from Walmart, Target, and Home Depot expressed their concerns.
“We had a productive meeting with President Trump and his team and appreciated the opportunity to share our insights,” a Walmart spokesperson said, according to Reuters.
Meanwhile, Amazon reportedly reversed a plan executives were considering to list how much of an item’s cost came from tariffs next to the prices of some products. While Amazon said it was considering the “idea of listing import charges on certain products” on Haul, its spinoff website that sells items below USD 20 (EUR 18), the change wasn’t rolled out, per CNN.
“This was never approved and not going to happen,” an Amazon spokesperson told CNN.
Still, the considered proposal raised the ire of the Trump Administration as White House Press Secretary Karoline Leavitt called the move a “hostile and political act.” However, after Trump called Amazon CEO Jeff Bezos, Trump said he was “very nice. He was terrific. He solved the problem very quickly. Good guy,” CNN reported...
