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Target, Walmart, Lowe’s and more meet with Trump as tariffs spark fear higher prices are coming

Plus, the two key products that face considerable upticks
An image collage containing 2 images, Image 1 shows Exterior of a Target store in Houston, Texas, Image 2 shows Donald Trump speaking at the 2025 Easter Egg Roll

SOME retail giants have met with President Donald Trump as global reciprocal tariffs spark pricing fears.

The tariffs from the Trump administration were officially announced earlier this month, but most are currently under a 90-day pause.

Exterior of a Target store in Houston, Texas.
2
Reps from Target and other top retailers went to the White House on Monday (stock image)Credit: Getty
Donald Trump speaking at the 2025 Easter Egg Roll.
2
They spoke with President Donald Trump about reciprocal tariffsCredit: EPA

China is the exception, facing an average of 125% tariffs with the potential of 245% on some imports, per a White House fact sheet.

Some economists have been insisting for several months now that retailers will be directly impacted by the increase in import costs due to the taxation.

Those increases would then be passed on to American consumers, having them pay more for merchandise to cover the uptick.

Several top companies like Home Depot, Lowe's, Target, and Walmart have addressed the tariffs recently and even sent representatives to the White House on Monday to speak with Trump, per Bloomberg.

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While it's unclear what the discussions entailed, a Home Depot spokesperson told the publication that it has worked with administrations from "both sides of the aisle" before.

It also noted it would keep meeting with government leaders about its business moving forward.

Target, Walmart, and Lowe's did not comment.

The meeting isn't a complete surprise, as Trump noted earlier this month that he would be willing to negotiate with corporations regarding the tariffs.

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"We'll also talk to companies," the President told reporters in a statement on April 13.

"You know, you have to show a certain flexibility. Nobody should be so rigid."

China orders Trump to ‘stop whining’ & accuses US of ‘playing the victim’

Still, several everyday products are expected to have skyrocketing prices in the coming months.

That includes tea, bananas, avocados, sneakers, home furniture, video games, clothes, toys, washers and dryers, and even foreign-made cars.

Some billionaires like Mark Cuban have urged American shoppers to move fast and buy what they can now while costs remain where they are.

"From toothpaste to soap, anything you can find storage space for, buy before they have to replenish inventory," Cuban wrote in a post on the social media platform, Bluesky.

President Trump's Reciprocal Tariffs

President Trump unveiled his reciprocal tariff plan on countries worldwide on April 2, which he declared as "Liberation Day."

Reciprocal tariffs per country, which includes the 10% baseline fee:

  • China: charges the US 67% tariffs, the US will counter with 34% reciprocal tariffs.
  • European Union: charges the US 39% tariffs, the US will counter with 20% reciprocal tariffs.
  • Vietnam: charges the US 90% tariffs, the US will counter with 46% reciprocal tariffs.
  • Taiwan: charges the US 64% tariffs, the US will counter with 32% reciprocal tariffs.
  • Japan: charges the US 46% tariffs, the US will counter with 24% reciprocal tariffs.
  • India: charges the US 52% tariffs, the US will counter with 26% reciprocal tariffs.
  • South Korea: charges the US 50% tariffs, the US will counter with 25% reciprocal tariffs.
  • Thailand: charges the US 72% tariffs, the US will counter with 36% reciprocal tariffs.
  • Switzerland: charges the US 61% tariffs, the US will counter with 31% reciprocal tariffs.
  • Indonesia: charges the US 61% tariffs, the US will counter with 32% reciprocal tariffs.
  • Malaysia: charges the US 47% tariffs, the US will counter with 24% reciprocal tariffs.
  • Cambodia: charges the US 97% tariffs, the US will counter with 49% reciprocal tariffs.
  • United Kingdom: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • South Africa: charges the US 60% tariffs, the US will counter with 30% reciprocal tariffs.
  • Brazil: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Bangladesh: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
  • Singapore: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Israel: charges the US 33% tariffs, the US will counter with 17% reciprocal tariffs.
  • Philippines: charges the US 34% tariffs, the US will counter with 17% reciprocal tariffs.
  • Chile: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Australia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Pakistan: charges the US 58% tariffs, the US will counter with 29% reciprocal tariffs.
  • Turkey: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Sri Lanka: charges the US 88% tariffs, the US will counter with 44% reciprocal tariffs.
  • Colombia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Peru: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Nicaragua: charges the US 36% tariffs, the US will counter with 18% reciprocal tariffs.
  • Norway: charges the US 30% tariffs, the US will counter with 15% reciprocal tariffs.
  • Costa Rica: charges the US 17% tariffs, the US will counter with 10% reciprocal tariffs.
  • Jordan: charges the US 40% tariffs, the US will counter with 20% reciprocal tariffs.
  • Dominican Republic: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • United Arab Emirates: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • New Zealand: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
  • Argentina: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Ecuador: charges the US 12% tariffs, the US will counter with 10% reciprocal tariffs.
  • Guatemala: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Honduras: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Madagascar (Burma): charges the US 88% tariffs, the US will counter with 44% reciprocal tariffs.
  • Tunisia: charges the US 55% tariffs, the US will counter with 28% reciprocal tariffs.
  • Kazakhstan: charges the US 54% tariffs, the US will counter with 27% reciprocal tariffs.
  • Serbia: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
  • Egypt: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Saudi Arabia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • El Salvador: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Côte d'Ivoire: charges the US 41% tariffs, the US will counter with 21% reciprocal tariffs.
  • Laos: charges the US 95% tariffs, the US will counter with 48% reciprocal tariffs.
  • Botswana: charges the US 74% tariffs, the US will counter with 37% reciprocal tariffs.
  • Trinidad and Tobago: charges the US 12% tariffs, the US will counter with 10% reciprocal tariffs.
  • Morocco: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Moldova: charges the US 61% tariffs, the US will counter with 31% reciprocal tariffs.
  • Angola: charges the US 63% tariffs, the US will counter with 32% reciprocal tariffs.
  • Democratic Republic of the Congo: charges the US 22% tariffs, the US will counter with 11% reciprocal tariffs.
  • Jamaica: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Mozambique: charges the US 31% tariffs, the US will counter with 16% reciprocal tariffs.
  • Paraguay: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Zambia: charges the US 33% tariffs, the US will counter with 17% reciprocal tariffs.
  • Lebanon: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Tanzania: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Iraq: charges the US 78% tariffs, the US will counter with 39% reciprocal tariffs.
  • Georgia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Senegal: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Azerbaijan:charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Cameroon: charges the US 22% tariffs, the US will counter with 11% reciprocal tariffs.
  • Uganda: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
  • Albania: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Armenia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Nepal: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Sint Maarten: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Falkland Islands: charges the US 82% tariffs, the US will counter 41% with reciprocal tariffs.
  • Gabon: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Kuwait: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Togo: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Suriname: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Belize: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Algeria: charges the US 59% tariffs, the US will counter with 30% reciprocal tariffs.
  • Oman: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Uruguay: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Bahamas: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Lesotho: charges the US 99% tariffs, the US will counter with 55% reciprocal tariffs.
  • Ukraine: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Bahrain: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Qatar: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Mauritius: charges the US 80% tariffs, the US will counter with 40% reciprocal tariffs.
  • Fiji: charges the US 63% tariffs, the US will counter with 32% reciprocal tariffs.
  • Iceland: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Kenya: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Liechtenstein: charges the US 73% tariffs, the US will counter with 37% reciprocal tariffs.
  • Guyana: charges the US 76% tariffs, the US will counter with 38% reciprocal tariffs.
  • Haiti: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Bosnia and Herzegovina: charges the US 70% tariffs, the US will counter with 35% reciprocal tariffs.
  • Nigeria: charges the US 27% tariffs, the US will counter with 14% reciprocal tariffs.
  • Namibia: charges the US 42% tariffs, the US will counter with 21% reciprocal tariffs.
  • Brunei: charges the US 47% tariffs, the US will counter with 24% reciprocal tariffs.
  • Bolivia: charges the US 20% tariffs, the US will counter with 10% reciprocal tariffs.
  • Panama: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Venezuela: charges the US 29% tariffs, the US will counter with 15% reciprocal tariffs.
  • North Macedonia: charges the US 65% tariffs, the US will counter 33% with reciprocal tariffs.
  • Ethiopia: charges the US 10% tariffs, the US will respond with a 10% baseline fee.
  • Ghana: charges the US 17% tariffs, the US will counter with 10% reciprocal tariffs.

The full list was shared on by the White House's rapid response team on X.

IMPORT ISSUE

Experts have warned that avocados and coffee are of particular concern.

"We import 80% of avocados that we consume in America, and those are perishable items, so they will be more expensive immediately," Dr. Sung Won Sohn, a leading economist, warned while speaking with the New York Post this month.

Kona Haque, research head at commodity trader ED&F Man, also emphasized that the United States is the "single largest importer of coffee in the world."

Haque told the Financial Times it's the "ultimate nation of coffee drinkers" and that costs would "immediately" increase from tariffs.

"At the end of the day, chocolate and coffee are not like automotive or shipbuilding, which Trump is trying to encourage more domestic production of," she said.

"The USA simply cannot produce these products."

INCREASES INCOMING

Supply chain expert David Warrick said other industries that source materials from countries will suffer the same impact.

"For industries like automotive, electronics, and pharmaceuticals, where global component sourcing is deeply embedded, this will be felt almost immediately," Warrick explained to the New York Post.

"Expect higher input costs, margin pressure, and difficult decisions about what gets passed on to consumers."

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E-commerce giants like Shein and Temu, both founded in China, have already confirmed to their customers that price increases will take place before the end of the month.

Discount retailer Five Below has even decided to pause some imports altogether.

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