Walmart, Home Depot, Target CEOs at White House

president Donald Trump On Monday, he met with the CEO of three of the country’s senior retailers, who came to the White House to discuss how sweeping tariff plans could affect their heavy business models.

Wal Mart CEO Doug McMelon and goal The CEO Brian Cornell attended, as he did Home Depot CEO Ted Decker.

A White House official told CNBC earlier on Monday that a representative Louie It will also be at the meeting. After the meeting ended, an NBC News official said he had not attended Lowa.

After concluding the meeting, the three companies issued almost identical data.

“We held a fruitful meeting with President Trump and his team and we appreciate the opportunity to share our vision,” said Wall Mart.

“We have held a fruitful meeting with President Trump and our retail peer to discuss the road forward in trade, and we are still committed to providing value to American consumers,” read the statement from Target.

“We held a media meeting, based on the president, and we look forward to continuing the dialogue,” said the Home Depot statement.

The meeting, which was first reported Bloomberg Earlier in the day, he was not included in the president’s general table.

In a statement submitted to CNBC later on Monday, Trump said the meeting was “very well well”, adding, “It was honorable to have” in the oval office.

For retailers, the customs tariff is the latest threat to a really difficult economic scene, as consumers search for low prices after years of high inflation.

However, the definitions will weigh some retailers more than others. As the largest grocery in the country, Walmart is better than many competitors.

Financial director John David Ray earlier this month at an investor event in Dallas said that about two -thirds of what Wal -Mart sells in the United States is making, cultivated or gathered in America.

He said that Wall Mart imports the last third from all over the world, but China and Mexico are the “most important” suppliers.

The goal, on the other hand, is in a tougher place. The retail seller, who is based in Minneapolis, is famous for its estimated goods such as inexpensive clothes, elegance and home commodities, which are usually manufactured outside.

Target’s annual revenues have been almost stagnant over the past four years, and the company expected recently Only 1 % sales growth For the current fiscal year.

The main trade group in the industry, the National Federation of Retail, seemed to be warnings about the tariffs of damage posed by American families. The group, which presses and represents retailers She issued her own estimates Of the amount of consumers that consumers must pay the price of daily elements such as sports shoes, yards and mattresses.

“More tariffs are equal to more anxiety and uncertainty for American companies and consumers,” said David France, Executive Vice President of Government Relations at NRF.

“While the leaders in Washington may not care at higher prices, American families are working hard,” said Franch.