Walmart warns Trump tariffs may force price hikes -letter
(Changes sources, adds details)
Sept 20 (Reuters) - Walmart Inc said that it may
hike prices of products if the Trump administration imposes a
tariff on Chinese imports, according to a letter the company
wrote to U.S. Trade Representative Robert Lighthizer two weeks
ago and seen by Reuters on Thursday.
The letter comes days after U.S. President Donald Trump
slapped tariffs on $200 billion worth of Chinese goods.
Walmart, the world's largest retailer, in its letter said
the tariff would impact prices of everything from food products
to beverages and personal care items.
Walmart confirmed it sent the letter and in a statement to
Reuters urged the two countries to find solutions.
The U.S. Trade Representative's office was not immediately
available for comment.
Earlier this week, Trump escalated his trade war with China
by imposing 10 percent tariffs on about $200 billion worth of
Chinese imports, including consumer products like gas grills,
luggage and travel bags, mattresses and helmets.
"As the largest retailer in the United States and a major
buyer of U.S. manufactured goods, we are very concerned about
the impacts these tariffs would have on our business, our
customers, our suppliers and the U.S. economy as a whole,"
Walmart wrote in its letter to Lighthizer.
In its list of consumer products that could be affected by
these tariffs, Walmart included gas grills, bicycles, Christmas
lights and bicycles.
CNN Money reported the news first, citing Walmart's letter.
(Reporting by Rishika Chatterjee and Nivedita Balu in
Bengaluru; Editing by Lisa Shumaker)
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