Walmart (WMT) , like many other retailers across the country, is bracing itself for the impact of tariffs, which poses a major threat to future sales. Tariffs are taxes companies pay to import goods from overseas,

Walmart is reportedly pushing its Chinese suppliers to absorb the costs of U.S. tariffs. Bloomberg, citing anonymous sources familiar with the matter, said the retail giant has requested significant price cuts – up to 10% – from manufacturers in China to mitigate the impact of President Donald Trump’s tariffs.

Walmart (NYSE:WMT) has asked some Chinese suppliers for major price cuts as a way to shift the burden of tariffs, according to Bloomberg. Sources indicate that the retail giant's efforts to receive price concessions of as much as 10% are facing strong pushback from the suppliers in the region.