Retailers negotiate price cuts with suppliers due to tariffs

Retailers like Walmart and Home Depot are negotiating for lower prices from suppliers and increasing product prices due to U.S. tariffs on Chinese goods. This has led to tense discussions as suppliers face pressure to shift production out of China. Some suppliers report that retailers are demanding price reductions or changes in production locations. This has caused frustration among manufacturers, who are already operating on tight margins, while retailers aim to avoid raising consumer prices. Walmart is in talks with suppliers to help customers save money amid rising costs. The company acknowledges that budget-conscious consumers are changing their buying habits, which complicates pricing strategies for retailers.