President of the United States, Donald TrumpHe met the great retailers, including Wal MartHome Depot, Lowe’s and TARGET, this Monday (21), to discuss extensive rates that are likely to increase the cost of daily products that concern.
Large American networks, such as Walmart and Target, rely heavily on imported products, winding tariffs-which meet 145 % on China, increase pressure on Americans, already loaded with prolonged inflation.
“We held a fruitful meeting with President Trump and his team and we enjoyed the opportunity to share our perceptions,” said a spokesman for Wall Mart in a statement without going into detail. The retailer said earlier from the CEO, Doug McMelon, who will be present.
This is the first meeting with McMillon with Trump since the president’s “liberation day” tariff. In early April, McMelon said that the two did not personally discuss prices, although the other Wal -Mart command members were in regular contact with their administration.
Trump’s irregular introductory policies have had an impact on various sectors and the excitement of American stocks for weeks. Recently, he expressed his anger at the Federal Reserve Chairman, Jerome Powell, who said last week that the economy was at risk of decreased growth and greater inflation.
The American markets had strong sales on Monday, while the reference observation of the 10 -year -old Treasury and the dollar were also pressure.
A comprehensive tariff announced dozens of countries on April 2, before the suspension of the customs tariff for a period of 90 days – with the exception of those related to China, and highlights the second largest economy in the world to the highest rates.
Home Depot spokesman described the meeting as “useful and constructed.” A targeted actor said that CEO Brian Cornell was present at a fruitful meeting … to discuss the way to follow the trade.
Louis did not immediately respond to the comment.
More than half of the Walmart and Target imports come from China, according to business data, while Home Depot and Lowe’s also import this country.
Analysts are concerned about the possibility that retailers have a significant impact on their profit margins as a result of definitions.
Walmart shares rose less than 2 % in 2025, while all others recorded two -digit losses. The target was the most difficult blow, with 32 % decrease so far this year.