Last Updated on 2 days by Ashley Michael
WASHINGTON – President Donald Trump called an emergency meeting of top retail executives, CEO’s of Walmart, Lowe’s, Target, and Home Depot today at the White House according to CNN
Who is in the room?
Doug McMillon, CEO of Walmart (confirmed by cnn attendance) CEOs of Target, Lowe’s, and Home Depot (invited; but attendance not yet confirmed)
Why This CEO’s and President Trump Meeting Matters
Trump’s tariffs have put a lot of pressure on the retail sector, according to a new report from CNN. Companies source products from other countries, including China, every day. Consumers affected by the tariffs, inflation, and a slowing economy are also threatening the industry.
Walmart/Target source 50% of their imports from China, and home improvement giants are equally exposed to Asian supply chains. Analysts warn of devastating profit margin compression