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US retailers haggle with suppliers after Trump tariffs

U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.
The article from MSN discusses how U.S. retailers are engaging in negotiations with their suppliers to mitigate the impact of new tariffs imposed by former President Donald Trump on Chinese imports. These tariffs, which were part of a broader trade war, have increased costs for retailers, prompting them to seek price reductions or alternative sourcing options. Retailers are pushing back against price increases by leveraging their buying power, exploring alternative suppliers outside of China, or renegotiating terms with existing suppliers to absorb some of the tariff costs. This situation has led to a complex dynamic where both retailers and suppliers are trying to maintain profitability while dealing with the economic pressures from the tariffs. The negotiations are crucial as they could influence product pricing, supply chain strategies, and ultimately, consumer prices in the U.S. market.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/us-retailers-haggle-with-suppliers-after-trump-tariffs/ar-AA1Bx3sJ ]