President Trump convened with Walmart and Target to address tariff impacts. Retailers reported rising prices and issues with supply chains due to unpredictable trade policies.
In March, consumer spending surged as shoppers prepared for anticipated price increases, despite declining sentiment. Sales increased significantly, exceeding Dow Jones estimates.
Retailers noted that Trump’s tariffs heavily influence their operations. Meeting participants described discussions as constructive, although stock prices fluctuated, closing lower for most retailers.
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