President Donald Trump listens to journalists’ questions as he meets Italian Prime Minister Giorgia Meloni at the White House Oval Office on April 17, 2025 in Washington, DC.
Win McNamee | Getty Images
President Donald Trump will meet on Monday afternoon Walmart CEO Doug McMillon, a White House official, told CNBC, while its aggressive and unpredictable price program threatens to upset the best retailers’ importation models.
Trump will also host officers from Target,, Home Depot And Lowe’s At the White House to discuss the impact of its commercial policies, another administration official told CNBC.
The White House did not list the meeting on the president’s public schedule on Monday; The total list of participants was not immediately clear.
The planned meeting was reported for the first time by Bloomberg earlier during the day.
Walmart refused the request for CNBC comments, while Target and Lowe did not respond immediately.
A spokesperson for Home Depot refused to confirm the details of the meeting, but said that the managers of the home retailer “regularly meet managers at all levels of government on issues that have an impact on our customers, our associates and our company”.
For retailers, prices are the last threat of an already difficult economic landscape, where consumers are looking for low prices after years with high inflation.
However, the prices will weigh more on certain retailers than others. As the largest grocer in the country, Walmart is in better position than many of his competitors.
About two-thirds of what Walmart sells in the United States is manufactured, cultivated or gathered in America, said director John David Rainey earlier this month at an investor event in Dallas.
Walmart imports the last third of the world, he said, but China and Mexico are the “most important” supplier countries.
Target, on the other hand, is in a more difficult place. The retailer based in Minneapolis is best known for its discretionary goods such as cheap and chic house clothes and products, products generally made abroad.
Target annual income has been roughly stagnated in the past four years, and the company has recently projected sales growth at only 1% for the current financial year.
The main commercial group of industry, the National Retail Federation, has made alarms on the damage that prices put to American families. The group, which puts pressure for and represents retailers, has published its own estimates of how more consumers should pay for everyday items such as sneakers, toaster and mattresses.
“More prices are equal to more anxiety and uncertainty for American companies and consumers,” said David French, executive vice-president of NRF government relations, to date, Trump has unveiled his “reciprocal” price plan, which he has since produced.
“While Washington leaders may not worry about higher prices, American working families do so,” said French.
This is the development of news. Please check the updates.
