AsianFin -- Walmart was summoned by Chinese authorities for demanding significant price cuts from some Chinese suppliers, with the intention of shifting the burden of U.S. tariffs on Chinese imports to the suppliers and consumers in China.

Walmart's unilateral price reduction demands could lead to supply chain disruptions, harming both Chinese and American businesses, as well as U.S. consumers. Meanwhile, the company's sudden request for price cuts from Chinese suppliers might violate commercial contracts and disrupt the normal market transaction order, according to the meeting.