President Donald Trump listens to the reporters' questions when he meets Italian Prime Minister Giorgia Meloni in the Oval Office of the White House in the White House in the White House in the White House in the White House on April 17, 2025.
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President Donald Trump met Chief Executives from three of the best retailers in the country who came to the White House on Monday to discuss how his comprehensive tariff plans could affect their importing business models.
Walmart CEO Doug McMillon and Goal The managing director Brian Cornell both accepted, as did this Home Depot CEO Ted Decker.
A civil servant of the White House announced CNBC earlier on Monday that a representative of a representative of a representative of Lowe's Would also be at the session. After completing the meeting, an official NBC News announced that nobody was present from Lowe's participation.
After completing the meeting, the three companies gave almost identical statements.
“We had a productive meeting with President Trump and his team and appreciated the opportunity to share our findings,” said a Walmart spokesman.
“We had a productive meeting with President Trump and our retail colleagues to discuss their way to trade, and we are still obliged to create added value to American consumers,” says Target's statement.
“We had an informative and constructive meeting with the president and look forward to continuing the dialogue,” said Home Depot's explanation.
The meeting that Bloomberg used to be reported for the first time was not included in the public schedule of the President.
In an explanation that CNBC will be available later on Monday, Trump said that the meeting left “very good” and added: “It was an honor to have it” in the oval office.
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For retailers, tariffs are the latest threat to an already challenging economic landscape, in which consumers are looking for low prices after years of high inflation.
Nevertheless, some retailers will weigh more than others. As the largest food dealer in the nation, Walmart is in a better position than many of his competitors.
About two thirds of what Walmart sells in the United States is manufactured, grown or gathered in America, said Chief Financial Officer John David Rainey at the beginning of this month at an investor event in Dallas.
Walmart imports the last third from all over the world, he said, but China and Mexico are the “most important” supplier countries.
The goal, on the other hand, is in a harder place. The retailer based in Minneapolis is best for discretionary goods such as inexpensive, chic clothing and household goods, products that are usually produced abroad.
Target's annual turnover has been stagnating in about 1% in the past four years of sales growth in the current financial year.
The most important trading group in the industry, the National Retail Federation, triggered alarms for US families in relation to the Harms tariffs. The group, which deployed and represents for retailers, has published their own estimates of how many more consumers would have to pay for everyday articles such as sneakers, toasters and mattresses.
“More tariffs correspond to more fear and uncertainty for American companies and consumers,” said David French, Executive Vice President Government Relations from NRF, on the day on which Trump unveiled his “mutual” tariff plan, which he has withdrawn since then.
“While managers in Washington may not take care of higher prices, hard -working American families are doing it,” said French.
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