Indian exporters hope for US trade deal after 25% tariff blow
Indian exports to the US face a 25% tariff – along with other penalty shocks ...
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By Alex Lennane
The Chinese ministry of commerce has held talks with Walmart, after the US retailer said it would pass on tariff costs to its suppliers and demand price cuts of 10%. This should be viewed as a “serious warning sign” to the White house, noted Peter Alexander, MD of Z-Ben Advisors, on social media.
“The bargaining power of global buyers looks to have flipped fully to the supplier. The Walmart story can also act as a cautionary tale. It ties directly into the four-decade-long process of China consolidating global supply chains and production capacity.”
It’s a theme Mr Alexander explores in his Substack article, As Walmart Goes, So Goes America. Worth a read.
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