On Monday afternoon, President Donald Trump is set to meet with executives from some of the largest retail companies in the U.S., as his sweeping and often unpredictable tariff policies pose significant challenges to their business operations reliant on imports.
Among those invited to the White House are high-ranking officials from Walmart, Target, Home Depot, and Lowe’s, as they engage in discussions about the implications of the current trade climate, according to a report from Finance Newso.
Details about the participants remain unclear as the White House did not officially list the meeting in the president’s public agenda for the day. The meeting was first announced by Bloomberg.
Walmart declined to comment on the meeting when reached by Finance Newso, while representatives from Target, Home Depot, and Lowe’s have not yet provided any responses.
Retailers are currently facing a notable challenge as tariffs add a layer of complexity to a market already strained by shifting consumer behaviors seeking lower prices amid prolonged inflation.
The impact of these tariffs is expected to vary across companies. Walmart, as the largest grocer in the U.S., appears to be in a relatively stronger position than its competitors.
According to Chief Financial Officer John David Rainey, about two-thirds of Walmart’s inventory sold within the United States is sourced domestically. However, the remaining one-third is imported, with China and Mexico identified as key suppliers.
Contrastingly, Target is in a more precarious position. The retailer, headquartered in Minneapolis, is recognized for selling affordable discretionary items like fashionable clothing and household goods—products largely produced abroad.
Target’s financial performance has seen stagnation in its annual revenue for the past four years, with predictions suggesting only a 1% growth in sales for the fiscal year ahead.
This is developing news. Please check back for updates.
