President Trump met with executives from major retailers, including Walmart, Home Depot, Lowe’s, and Target on Monday to discuss the impact of his tariffs.
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00:00President Trump met with executives from major retailers like Walmart, Home Depot, Lowe's, and Target Monday to discuss the impact of his White House's broad-based tariffs on their businesses.
00:11These tariffs, notably a 145% levy on Chinese imports, have raised concerns among retailers about increased costs as well as potential price hikes for consumers.
00:22The financial markets reacted negatively as the S&P 500 dropped over 3%, with retailers like Target seeing significant stock declines.
00:33Companies are considering passing these increased costs on to consumers, signaling potential widespread price increases across many product categories.