🇨🇳 Walmart Helps China Firms Expand Domestic Sales Amid Trade War
Walmart is launching a new program to support Chinese exporters, allowing them to sell their goods within China, in response to the rising US tariffs. This move comes after Beijing sought solutions to aid local businesses impacted by the trade tensions.
⚫ Key Points:
💬 Walmart’s China unit invites Chinese suppliers to sell products through Walmart supermarkets in China.
💬 This decision is aligned with China’s call for “integrated development of domestic and foreign trade.”
💬 Walmart aims to balance the earlier demands that Chinese suppliers absorb tariff increases, which had angered Beijing.
⚫ Walmart’s Role:
💬 336 stores in China contribute significantly to Walmart’s international sales.
💬 Walmart’s recent net sales growth in China was 28% in the last quarter.
⚫ Impact of US Tariffs:
💬 With US tariffs on Chinese goods reaching 145%, many Chinese exporters have cut shipments to the US and reduced factory operations.
💬 JD .com and other local e-commerce platforms are also looking at domestic solutions to sell export-targeted products.
Walmart’s decision to assist Chinese suppliers shows how businesses are adapting to mitigate the effects of the ongoing trade war while seeking alternative markets within China’s domestic economy.
