Overview

• President Trump met with top retail executives, including Walmart CEO Doug McMillon, to address concerns regarding tariffs on Chinese imports.
• The meeting followed widespread industry pushback, with the National Retail Federation warning that tariffs increase costs for consumers and businesses alike.
• Current tariffs on Chinese goods range from 20% to as high as 145%, affecting approximately $430 billion in imports and straining retailers' supply chains.
• Major retailers, heavily reliant on Chinese suppliers, are seeking relief or adjustments to mitigate rising costs and potential price hikes for consumers.
• Retailers expressed concerns about the unpredictability of trade policies, highlighting risks to profit margins, inventory management, and overall business stability.