Exclusive: Retail CEOs to meet Trump in bid to kill U.S. border tax
Source: Reuters
U.S. President Donald Trump will meet on Wednesday with the chief executives of eight large retailers, including Target Corp (TGT.N), Best Buy Co Inc (BBY.N) and J.C. Penney Company Inc (JCP.N), to discuss tax reform and infrastructure improvements, according to people with knowledge of the meeting.
A White House official confirmed Trump will meet with retail industry CEOs on Wednesday morning to discuss economic growth.
The meeting will include Target CEO Brian Cornell, Best Buy CEO Hubert Joly, Gap Inc (GPS.N) CEO Art Peck, Autozone Inc (AZO.N) CEO William Rhodes, Walgreens Boots Alliance Inc (WBA.O) CEO Stefano Pessina, J.C. Penney Company Inc (JCP.N) CEO Marvin Ellison, Jo-Ann Stores LLC [NEDLEJ.UL] CEO Jill Soltau and Tractor Supply Co (TSCO.O) CEO Gregory Sandfort, according to the people familiar with the matter.
This is the first time well-known retail CEOs will descend on Washington as a group to try to make the case that a controversial proposal to tax all imports will raise consumer prices and hurt their businesses.
Their input has more urgency as Trump is finalizing his own tax plan that he plans to unveil in the coming weeks.
Read more: http://www.reuters.com/article/us-usa-trump-retail-ceos-exclusive-idUSKBN15T2OO?utm_campaign=trueAnthem:+Trending+Content&utm_content=58a3780904d3017a410f9b33&utm_medium=trueAnthem&utm_source=twitter
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