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Retailers urge Trump to reconsider tariffs

Retailers urge Trump to reconsider tariffs

WASHINGTON — The National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) issued statements on Thursday warning that tariffs meant to punish China for its trade practices would hurt American consumers. The retailer groups urged President Trump to refrain from imposing tariffs as a retaliatory measure against China’s predatory trade practices — which

Walmart to sell Chinese e-commerce unit

Walmart to sell Chinese e-commerce unit

BENTONVILLE, Ark. — Walmart intends to sell its Yihaodian e-commerce business in China to JD.com Inc., that country’s largest  e-commerce retailer by revenue. The deal is part of a strategic partnership between the two companies that meant to boost Walmart’s online sales and in-store traffic in China, while expanding JD.com’s e-commerce business. As part of