Yup. They go 2 weeks without making a shipment to Walmart and the entire country is in turmoil. We really hold all the cards, and Trump is proving it.
WalMart buyers are ruthless negotiators. China probably loses money on almost everything they sell to WalMart. Walmart sucks in suppliers with promises of a certain level of business that is marginally profitable, then demands far more product at the same price once the supplier ramps up production by increasing capacity. It gets to the point the supplier might feel they are forced into a position to sell more product than they would prefer. It can often lead to bankruptcy.
A lot of smart businesses that sell quality products refuse to do business with WalMart because it would erode the public’s perception of their quality and erode pricing.