Walmart, Home Depot, Lowe, Target at White House

president Donald Trump It will meet on the afternoon of Monday with Wal Mart CEO Doug McMelonA White House official told CNBC, because the indiscriminate aggressive tariff agenda threatens to raise the models of senior retailers.

Trump will also host officers from goaland Home Depot and Louie At the White House to discuss the impact of his commercial policies, another management official told CNBC.

The White House did not list the meeting on the general table on Monday; The total attendance list was not immediately clear.

The meeting scheduled for the first time was reported before Bloomberg Earlier in the day.

Walmart rejected CNBC’s request to comment, while Target and Lowe did not respond immediately.

A spokesman for the Home Depot refused to confirm any details of the meeting, but he said that retailers in the home loader “are regularly meeting with leaders at all levels of the government on issues that affect our customers, partners and businesses.”

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 definitions 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.

This is the development of news. Please check again for updates.