President Donald Trump listens to journalists’ questions while gathering with Italian Prime Minister Giorgia Meloni at the Oval Office of the White House on April 17, 2025 in Washington, DC.
Wins mcnamee | Getty images
President Donald Trump will meet Monday afternoon with Walmart The CEO Doug McMillon, a White House official, told CNBC, since its aggressive and unpredictable tariff agenda threatens to dump the main import business models of retailers.
Trump will also receive the officers of Aim” Home Deposit and Lowe’s In the White House to discuss the impact of its commercial policies, said administration official to CNBC.
The White House did not list the president’s public hours on Monday; The total list of attendees was not clear immediately.
Bloomberg first reported the most early scheduled meeting in the day.
Walmart rejected the request for comments from CNBC, while Target and Lowe’s did not respond immediately.
A Home Depot spokesman refused to confirm any detail of the meeting, but said that the leaders of the home improvement retailer “gather regularly with the leaders at all levels of government on issues that affect our clients, associates and our businesses.”
For retailers, rates are the last threat to an already challenging economic panorama, where consumers look for low prices after high inflation years.
However, tariffs weigh in some retailers more than others. As the largest nations shopkeeper, Walmart is in a better position than many of its competitors.
Around two thirds of what Walmart sells in the United States is done, cultivated or meets in the United States, said financial director John David Rainey in this at an investor event in Dallas.
Walmart imports the last third of the whole world, he said, but China and Mexico are the “most important” supplier countries.
Target, on the other hand, is in a harder place. Minorist with headquarters in Minneapolis is quite known for discretionary merchandise as economic and elegant clothing and home products, products that are generally manufactured abroad.
Target’s annual income has stagnated approximately during the last four years, and the company recently projected sales growth only of 1% for the current fiscal year.
The key commercial group of the industry, the National Federation of Retail, has sounded alarms on Harms Tars for American families. The group, which presses and repeats the retailers, has published their own estimates of how much more consumers would have to pay for daily items such as sneakers, roasters and mattresses.
“More tariffs are equivalent to more anxiety and uncertainty for US companies and consumers,” said David French, executive vice president of NRF government relations, the day Trump revealed his reciprocal “reciprocal”, which he has done since then.
“While leaders in Washington do not care the highest prices, US working families do it,” French said.
This is developing news. Consult the updates again.