Sou Hu Cai Jing·2025-05-09 22:11Core Viewpoint - The meeting between CEOs of major U.S. retailers and President Trump highlights concerns over the impact of U.S. tariff policies on their import-dependent business models, especially in the context of rising consumer demand for low-priced goods after years of high inflation [1][3][5]. Group 1: Retailers' Concerns - Major retailers, including Walmart and Target, have expressed that Trump's tariff policies could lead to increased prices for consumers, further complicating an already challenging economic environment [1][3]. - Walmart's CFO indicated that approximately two-thirds of the products sold in the U.S. are domestically produced, while the remaining third is imported, with China and Mexico being key suppliers [3]. - Retailers are actively seeking ways to mitigate the impact of tariffs, including relocating production to countries with lower tariff burdens, such as India and Vietnam, although this process is expected to take several years [3][5]. Group 2: Political and Economic Implications - Trump's recent comments suggest a potential reconsideration of the high tariffs imposed on China, indicating a shift in his stance possibly influenced by the warnings from retail executives regarding supply chain disruptions [5][7]. - The urgency of addressing inflation is not only an economic issue but also a political one for Trump, as upcoming elections will heavily focus on economic performance [7].