Walmart shifting from China to India over lower import costs

Walmart, the world's largest retailer, is increasingly importing goods from India to the US, reducing its dependence on China. From January to August this year, 25% of Walmart's US imports came from India, compared to 2% in 2018. Meanwhile, 60% of shipments were from China during the same period, down from 80% in 2018. This shift is due to rising costs and political tensions between America and China, prompting companies to turn to countries like India, Thailand, and Vietnam.