Walmart And Target Resume Business With Some Chinese Suppliers
The retailers paused business with some of their Chinese suppliers due to uncertainties over the steep U.S. tariffs.
Walmart and Target have resumed business with some Chinese factories.
The retailers paused business with some of their Chinese suppliers due to uncertainties over the steep U.S. tariffs.
However, the pause was lifted following a meeting between President Trump and the leaders of retail giants, Walmart, Target, Lowe’s and Home Depot. They warned that store shelves across the nation could soon be empty.
The resumption of business, even if partial, suggests retailers are attempting to ensure their stores remain stocked as tariffs threaten to disrupt their supply chains.