CIO Kevin Mahn, president of Hennion & Walsh Asset Management, has put a strong emphasis on the market’s response to tariffs and trade negotiations, which is what Jerome Powell, the Federal Reserve Chair at the Chicago Economic Club, gives a revenue outlook.
Walmart and Target CEOs met with President Donald Trump on Monday to discuss the continued trade negotiations with other countries and the impact of tariffs imposed on imported products.
Walmart CEO Doug McMillon spoke to the president about tariffs and the impact on the retail industry during a meeting at the White House. McMillon previously discussed various topics with Trump in January before he took office, including investment in the US, trade relations and innovation.
A Walmart spokesman said that the meetings between Trump and his team were “productive” and that the company appreciated the opportunity to share that insight.
Walmart CEO Doug McMillon met President Donald Trump and other retail executives at the White House on Monday. (Ethan Miller/Getty Images)
Honda considers moving production to us in Mexico and Canada due to tariffs: Report
Target spokesman Jim Joyce also said CEO Brian Cornell described the meeting with Trump and other retailers as “productive” and discussed “trade advances.”
“We are still committed to providing value to American consumers,” Joyce said.
Target CEO Brian Cornell also met with President Donald Trump at the White House on Monday. (Joshua Roberts/Reuters photo)
Home Depot CEO Ted Decker was also present, but not Lowe CEO Marvin Ellison.
Trump’s tariffs raise consumer prices: National Retail Federation
Trump is in the midst of negotiations with a country in a hurry to shut down bilateral trade deals during a 90-day suspension in his tariff plan. About 75 countries currently want to negotiate with the White House, with 15 actively in negotiations, according to trade advisor Kevin Hassett.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| WMT | Walmart Inc. | 92.41 | -0.81 |
-0.87% |
| TGT | Target Corp. | 93.78 | +0.67 |
+0.72% |
| HD | The Home Depot Inc. | 346.90 | -8.16 |
-2.30% |
| low | Lowe’s Companies Inc. | 212.77 | -6.23 |
-2.84% |
In the meantime, he announced that all countries that had not retaliated against the US would face 10% tariffs except for China. Trump has increased China’s import collection to 145%, urging the country to raise retaliation and duties on American goods to 125%.
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