Trump Hosts Walmart, Home Depot, Target Executives on Tariff Issues
Trump Hosts Walmart, Home Depot, Target Executives on Tariff Issues

Trump Hosts Walmart, Home Depot, Target Executives on Tariff Issues

News summary

President Donald Trump met with executives from Walmart, Target, Home Depot, and Lowe’s to discuss concerns over his administration’s import tariffs, which have challenged the business models of major retailers reliant on foreign goods. The meeting, held at the White House and not listed on the president’s public schedule, addressed the impact of tariffs on consumer prices and the broader economic environment. Retailers expressed that tariffs make it difficult to maintain low prices for consumers, particularly amid existing economic pressures such as inflation. Trump has recently maintained a steep 145% tariff on China while temporarily pausing or reducing tariffs on other countries, actions that have contributed to market volatility and prompted criticism from both business leaders and industry groups. Executives described the meeting as productive and constructive, emphasizing their commitment to ongoing dialogue with the administration. The National Retail Federation and several retailers have warned that increased tariffs create anxiety and uncertainty for businesses and consumers alike.

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6
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3
Center
1
Right
2
Unrated
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Last Updated
2 hours ago
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50% Left
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