The Chinese government announced the tariffs last week, shortly after President Trump raised tariffs on Chinese products for the second time since he took office in January. The Chinese tariffs will include a levy of 15 percent on U.S. products like chicken, wheat and corn, as well as 10 percent on products like soybeans, pork, beef and fruit.

China will take all necessary measures to safeguard its rights and interests, the Chinese foreign ministry said on Wednesday, after U.S. President Donald Trump increased tariffs on all U.S. steel and aluminium imports.

Fresh tariffs on Chinese imports put U.S. retailers in a tough spot. Raising prices risks the ire of President Trump and American consumers, but getting suppliers to bear the burden isn’t simple either—and in Walmart's case,