U.S. President Donald Trump met with major retailers, including Walmart, Home Depot, Lowe's, and Target, on Monday to discuss broad-based tariffs likely to raise the cost of everyday goods that they import, Reuters reported.

Big U.S. chains, like Walmart and Target, rely heavily on imported goods, and tariffs — including 145% levies on China — are expected to add strain on Americans already burdened by prolonged inflation.

"We had a productive meeting with President Trump and his team and appreciated the opportunity to share our insights," a Walmart spokesperson said in a statement, without elaborating. The retailer previously said its CEO, Doug McMillon, would be in attendance.

This marks McMillon's first meeting with Trump since the introduction of the president's "Liberation Day" tariffs. Earlier in April, McMillon said the two had not personally discussed tariffs, although other members of Walmart's leadership had been in regular contact with his administration, according to Reuters.