Walmart, Home Depot, Lowe’s, Target in White House

President Donald Trump It occurs on Monday afternoon with the leaders of some of the largest retail sellers in the country, as its aggressive and unpredictable tariffs threaten their heavy business models.

Trump intends to accept the best officers Walmart. Target. A home depot and Fishing In the White House to discuss the influence of his trade policy, the CNBC official said.

The White House did not list the presidential public schedule on Monday, and it was not immediately clear what executives of each company would visit.

For the first time reported the planned meeting Bloomberg Earlier on Monday.

Walmart refused CNBC’s request for comment, while Target, Home Depot and Lowe’s did not immediately respond.

For retail sellers, tariffs are the last threat to the already complex economic landscape where consumers are looking for low prices after perennial inflation.

However, tariffs will weigh more on some retailers than others. As the largest grocery product in the country, Walmart is in a better position than many of its competitors.

About two -thirds of what Walmart in the United States is grown or collected in America, said Chief Financial Director John David Raine at the beginning of this investor in Dallas.

According to him, Walmart imports the last third from around the world, but China and Mexico are “most significant” suppliers.

The purpose, on the other hand, is in a tougher place. The retailer based in Minneapolis is the most famous for discreient goods such as inexpensive, chic clothes and home products, products that are usually produced abroad.

Target’s annual revenue over the past four years has been approximately stagnant and the company has recently predicted Just 1% Sales Growth for the current financial year.

This is a news development. Please check the updates.