According to one shipping quoted CCTV news Yuyuan Tantian, insiders said that on March 11, the Ministry of Commerce and other relevant departments interviewed Wal Mart.
The reason why Wal Mart was interviewed was that it asked some Chinese suppliers to significantly reduce their prices in an attempt to shift the burden of US tariffs on China to Chinese suppliers and consumers.
Yuyuan Tan Tian believes that there are several noteworthy information points in this interview:
1. Wal Mart unilaterally requires Chinese enterprises to reduce prices, which may cause the risk of supply chain disruption and damage the interests of Chinese and American enterprises and American consumers.
2. Wal Mart temporarily requires Chinese suppliers to reduce prices, which may violate the commercial contract. This will disrupt the normal market trading order.
3. The unilateral imposition of tariffs by the United States harms Chinese and American companies, and Chinese and American companies should work together to cope.
4. If Wal Mart insists on doing so, Wal Mart will not only wait for an appointment.

According to the China Chamber of Commerce for Import and Export of Textiles (referred to as the "Chamber"), recently, the Chamber has received reports from some members that large American retailers have requested Chinese suppliers to lower prices. The Chamber is further verifying and understanding the situation. If the situation is true, the Chamber of Commerce will take active measures to safeguard the legitimate interests of member enterprises.
The Chamber of Commerce noted that the Ministry of Commerce and other departments recently interviewed Wal Mart to learn about the situation. The various problems currently arising in international trade are caused by the unilateral imposition of tariffs by the US government, and both Chinese and American companies are victims. We hope that companies from both countries can resolve issues of common concern through friendly consultations, equality, and mutual benefit, work together to address the difficulties currently faced, and avoid unilaterally using market advantages to disrupt supply chain stability.
According to Xinhua News Agency, Wal Mart, an American retail giant, released its latest financial report on February 20, which showed that its sales in China in the last quarter and the last fiscal year (as of January 31) achieved strong growth.
The financial report shows that in the last quarter ended January 31, Wal Mart's net sales in China reached $5.1 billion at a fixed exchange rate, up 27.7% year on year, significantly higher than the 16.2%, 17.7% and 17% increases in the previous three quarters.
Among them, Wal Mart's e-commerce net sales in China in this quarter increased by 34% year on year, while the previous three quarters saw an increase of 23%, 23% and 25%, boosted by the earlier shopping season of the Chinese Lunar New Year. Wal Mart said that it has opened six Sam's Club stores in China in the past 12 months.
The financial report shows that the company achieved a net sales of $674.538 billion in the previous fiscal year, a year-on-year increase of 5%. Wal Mart expects that the growth of its performance may slow down in the new fiscal year. The net sales for the new fiscal year are expected to increase by 3% to 4%, and the adjusted operating profit is expected to increase by 3.5% to 5.5%, lower than the 9.7% increase in the previous fiscal year.