Top CEOs Warn Trump Tariffs Will Empty Store Shelves: Report | EUROtoday

Executives from three of America’s largest retail chains warned President Donald Trump that issues might get ugly if his aggressive financial agenda proceeds as deliberate, in line with a brand new report from Axios.

During a non-public assembly within the Oval Office on Monday, the CEOs of Walmart, Target and Home Depot reportedly informed the president that provide chains might freeze and immediate shops’ cabinets to go barren if he doesn’t rein in his sharp tariff plans, and meddles with the Federal Reserve.

“The big box CEOs flat out told him the prices aren’t going up, they’re steady right now, but they will go up,” an administration official aware of the assembly informed Axios. “And this wasn’t about food. But he was told that shelves will be empty.”

According to a separate official briefed on the assembly, Trump was informed that if he doesn’t change course, the influence could possibly be noticeable in as little as two weeks.

The CEOs phrases appeared to have some sway on the president.

The following day, Trump informed reporters that tariffs on China will “come down substantially” from his beforehand introduced 145% charge.