The China Ministry of Commerce held conversations with Walmart: the state media say

The Chinese Ministry of Commerce has had conversations with Walmart after the US retailer giant. According to the reports, it requested price cuts from Chinese suppliers to compensate for tariff costs, A media backed by the State said Wednesday.

The announcement came later Bloomberg reported last Thursday That Walmart had asked some Chinese suppliers, including manufacturers of kitchen and clothing utensils, to reduce prices up to 10% for each round of US rates.

“If this is true, it is not reasonable that Walmart requires that Chinese suppliers have all the rates, which will interrupt fair competition and the foreign trade order,” the report said, according to a translation of CNBC of the Chinese.

Walmart’s reported movement can create the risk of interruption of the supply chain and damage the interests of Chinese and American companies and US consumers, “he added, warning of additional actions if the company will not correct its course.

The additional 10% of the president of the president of the United States, Donald Trump in Chinese products entered into force on March 4After a 10% rate imposed on February 4.

Most Chinese suppliers are already dealing with the profit margins “thin to shave” as the US company acquires goods with great discounts to maintain its competitive advantage, according to the Bloomberg report.

Chinese and American companies should “work together” to respond to the “unilateral imposition of tariffs,” Chinese state media said.