President Donald Trump is having a sit-down with a number of retailers concerning the tariffs he has imposed on items imported from overseas nations.
Bloomberg reported the assembly on Monday shall be between the president and big-name retailers like Goal, Walmart, House Depot and Lowe’s. Fox Enterprise confirmed the assembly will happen.
Trump’s tariffs and their impact on firms shall be on the heart of the talks, based on the outlet. They may happen on the White Home.
President Donald Trump is having a sit-down with a number of retailers concerning the tariffs he has imposed on items imported from overseas nations. (Anna Moneymaker/Getty Photos / Getty Photos)
A spokesperson for Walmart confirmed to FOX Enterprise that Doug McMillon, who has been the retailer’s CEO since 2014, shall be in attendance.
CHINA THREATENS COUNTERMEASURES AGAINST COUNTRIES THAT ‘APPEASE’ US ON TRADE WAR
House Depot, in the meantime, mentioned it “regularly” meets “with leaders at all levels of government on issues that impact our customers, associates and our business.”
FOX Enterprise additionally reached out to Goal and Lowe’s for touch upon the reported assembly.
Ticker Safety Final Change Change % WMT WALMART INC. 92.36 -0.88
-0.94%
HD THE HOME DEPOT INC. 346.85 -8.32
-2.34%
TGT TARGET CORP. 93.78 +0.67
+0.72%
LOW LOWE’S COMPANIES INC. 212.70 -6.29
-2.87%
Trump upped tariffs on imports from China to 145% earlier this month. On the similar time, he introduced a 90-day pause on reciprocal tariffs and opted to use a ten% responsibility throughout that interval on nations that had not retaliated in opposition to the U.S.
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“Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non Monetary Tariffs, and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effectively immediately,” he mentioned April 9 on Fact Social.
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Trump mentioned Sunday on Fact Social that “many World Leaders and Business Executives have come to me asking for relief from Tariffs” since April 2, when he formally unveiled a baseline levy of 10% on imported items from overseas nations and “individualized reciprocal higher” tariffs on sure nations which have since been paused.
U.S. President Donald Trump holds up a chart of “reciprocal tariffs” whereas talking throughout a “Make America Wealthy Again” commerce announcement occasion within the Rose Backyard on the White Home on April 2, 2025 in Washington, DC. (Chip Somodevilla/Getty Photos / Getty Photos)
China’s response to the U.S.’s increased tariffs on items from its nation was lifting its personal levies in opposition to America to 125%.
