


President Donald Trump met with major retailers at the White House, as business executives seek relief from sweeping tariffs that have destabilized global supply chains and rattled US consumers.
The Monday meeting included representatives from Walmart, Home Depot, Lowe’s and Target, according to people familiar with the plans. The discussion came amid a 90-day pause in Trump’s higher tariffs on trading partners except China that dozens of foreign leaders and business executives are using to negotiate better terms.
“We had a productive meeting with President Trump and our retail peers to discuss the path forward on trade, and we remain committed to delivering value for American consumers,” a Target spokesman said in an emailed statement.
A Walmart spokeswoman also called the meeting productive and a Home Depot spokeswoman said the company looked forward to continuing constructive dialog with the White House. Lowe’s did not respond to requests for comment. The White House did not respond to a request for comment on the discussion.
Disruptions caused in large part by Trump’s tariffs have posed challenges for retailers that are main drivers of the U.S. economy.
American companies have warned that business could slow in the months ahead as the import taxes go into place. While companies have operated with tariffs for several years, the magnitude and fast-changing nature of Trump’s levies have become a unique problem.
Trump’s duties on nearly all trading partners and a litany of sectors, including metals, are threatening to increase prices on everything from spirits and apparel to electronics and furniture. Those changes are expected to further hamper consumer demand, as Americans have already been price-sensitive following years of inflation.
Uncertainty around Trump’s tariffs also have made it difficult for businesses to plan inventory and pricing. The 90-day pause has given some operators a temporary relief, though many have warned of the complications that come with not knowing where duty rates will end up.
Retailers have an especially close window into how the levies would affect consumers and the U.S. economy, given that they sell many oft-purchased essentials.
Walmart, the world’s largest retailer, has said it operates a diversified supply chain and that it sources about two-thirds of items in the U.S. Executives said this month that the company is working to keep prices low and that its merchants are thinking through the quantity of goods it needs, as well as how prices could change due to tariffs. So far, the company has not seen customers hoard like they did during the coronavirus pandemic.
Target has not indicated how much of its items are sourced overseas, though it has previously said price increases would vary by category. The company has said it was having discussions with vendors and employees about next steps. Home Depot has said it sources more than half of its goods in North America.