Investing.com -- President Donald Trump is scheduled to meet with representatives from major retailers such as Walmart (NYSE:WMT) Inc., Home Depot Inc (NYSE:HD)., Lowe’s (NYSE:LOW) Cos., and Target Corp. (NYSE:TGT) on Monday, according to a report from Bloomberg, citing sources. The discussion is set to focus on the effects of extensive tariffs on their respective businesses.
The meeting comes during a 90-day halt in Trump’s increased tariffs on trading partners, excluding China. This pause is being utilized by numerous foreign leaders and business executives to negotiate relief.
The tariffs have caused concern among consumers over potential price increases, sparking anxiety for companies that import goods from abroad, particularly China. Some businesses have cautioned that operations could decelerate in the upcoming months as import taxes are implemented.
Trump has expressed willingness to negotiate tariff rates with corporate leaders, indicating a need for flexibility. The president stated on April 13, "You have to show a certain flexibility. Nobody should be so rigid."
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