$WMT (-0,47 %)
$TGT (-0,52 %)
$HD (-1,12 %)
$LOW (-0,89 %) Walmart, Home Depot, Lowe's and Target attend White House meeting
Target announces meeting to discuss next steps for retailers
US retailers suffer from tariffs and shrinking profit margins due to import dependence
WASHINGTON, April 21 (Reuters) - U.S. President Donald Trump met with major retailers including Walmart (WMT.N), opens new tab, Home Depot (HD.N), opens new tab, Lowe's (LOW.N), opens new taband Target (TGT.N), opens new tab to discuss broad-based tariffs on Monday that will likely raise the cost of imported everyday goods.
Major U.S. chains like Walmart and Target rely heavily on imported goods, and tariffs - including 145 percent levies on China - are likely to add to a U.S. population already burdened by persistent inflation.
