Walmart, Trade War
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The trade truce between the US and China appears increasingly fragile, as both sides trade barbs just more than a week after sending markets into euphoria by pausing sky-high tariffs on one another. China’s Commerce Ministry said Wednesday that it would take legal action against any organization or individual assisting the US in discouraging the use of China’s advanced semiconductors.
Walmart has significant China exposure -- about 60% of the manufactured products it sells -- but its reputation for "everyday low prices," economies of scale, and strength in groceries make it more resilient in a trade war or a down economy than most of its retail peers.
President Donald Trump on Saturday scolded Walmart for saying that his tariffs would force the retailer to up its prices.
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Axios on MSNThe lose-lose calculus of the White House trade warUsually, there's at least one big group that stands to benefit from White House economic policy: businesses, workers or consumers. Why it matters: In this moment, it's not exactly clear who wins from the current administration's triple play of raising tariffs,