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Walmart, Home Depot, Target Push Chinese Suppliers To Resume Shipments, Agree To Absorb Tariffs: Report [Yahoo! Finance]
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Analyst Ray Wang posted that major U.S. retailers, including Walmart and Target , have reportedly asked Chinese suppliers to resume shipments, with tariffs to be absorbed by the American retailers. What Happened: On Saturday, Wang posted on X that several Chinese exporters at the ongoing China Import and Export Fair (Canton Fair) revealed that U.S. retail companies, including Walmart Inc. (NYSE: WMT Home Depot Inc. (NYSE: HD ), and Target Corporation (NYSE: TGT ), have instructed Chinese suppliers to restart shipments that had been halted due to the recent tariff war. Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share! However, the cost of the tariffs would be borne by the retailers. The decision by these U.S. retailers came after a meeting with President Donald Trump at the White House, as per the report in Hong Kong's Ming Pao. Exporters mentioned by the Ming Pao
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