China's Ministry of Commerce and other relevant authorities held talks with Walmart Inc on Tuesday to discuss the US retailer's recent request for price reductions from Chinese suppliers.
The company's practice, according to Yuyuantantian, would shift the cost of new US tariffs imposed on Chinese goods to domestic suppliers and consumers.
"Walmart's unilateral demand on Chinese firms to cut prices could lead to disruptions of supply chains and hurt the interests of firms and consumers from both countries," the account said.
Walmart has recently asked some Chinese suppliers for price cuts of up to 10 percent per round of additional tariffs the US government imposes on Chinese goods.
In response to this move, the Beijing-based China Chamber of Commerce for Import and Export of Textiles said in a statement that it will take proactive measures to safeguard the interests of its member companies.
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