US companies voice concern over China trade dispute

Walmart’s logo is seen outside one of the stores in Chicago, the US. Picture: REUTERS/KAMIL KRZACZYNSKIWalmart, Target and more than 600 other companies urged US President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt US businesses and consumers.

With less than three weeks to go before talks between Chinese and US leaders, expectations for progress towards ending the trade war are low. Sources have told Reuters there has been little preparation for a meeting even as the health of the world economy is at stake. Walmart, the largest US private sector employer and the world’s largest retailer, has said tariffs will increase prices for US consumers.

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