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China chamber investigates US retailers' price cut demands, vows to protect members

( March 12, 2025, 09:23 GMT | Official Statement) -- MLex Summary: The China Chamber of Commerce for Import and Export of Textiles is investigating reports that some major US retailers are pressuring Chinese suppliers to cut prices, and has vowed to protect its members' interests, according to a statement released by the chamber. It attributes current international trade issues to US unilateral tariffs, impacting both Chinese and US businesses. The chamber urges companies from both countries to address concerns through amicable, mutually beneficial negotiations, and to avoid using market dominance to destabilize supply chains. The chamber also noted that it learned that the Chinese Ministry of Commerce had recently summoned Walmart over this issue.The statement follows:...

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