Walmart warns Trump rates could lead to higher prices: letter

(Reuters) – Walmart Inc. (WMT.NAccording to a letter to US trade representative Robert Lighthizer two weeks ago, Reuters said it could raise product prices if the Trump administration imposed a tariff on Chinese imports.

The letter comes days after US President Donald Trump imposed tariffs on the $ 200 billion worth of Chinese goods.

Walmart, the largest retailer in the world, said in its letter that the tariff would have an impact on the prices of everything from food to beverages and personal care items.

Walmart confirmed it had sent the letter and, in a statement to Reuters, urged the two countries to find solutions.

The US Trade Representative's office was not immediately available for comment.

Earlier this week, Trump intensified his trade war with China by imposing tariffs of 10% on about $ 200 billion of Chinese imports, including consumer goods like barbecues, baggage and bags. of travel.

"As the largest retailer in the United States and a major buyer of US manufactured goods, we are very concerned about the impact of these rates on our business, our customers, our suppliers and the US economy as a whole," writes Walmart. his letter to Lighthizer.

In its list of consumer products that may be affected by these rates, Walmart included gas barbecues, bicycles, Christmas lights and bicycles.

CNN Money announced the news by quoting Walmart's letter.