The CEOs of Walmart, Target, and Home Depot – the nation’s largest retailers – warned President Donald Trump during a closed-door meeting Monday at the White House that his tariff policy could disrupt supply chains and lead to empty shelves in the near future.

Multiple media outlets, including CBS News and Axios, reported Wednesday about the meeting, citing unnamed White House sources familiar with the gathering.

“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 familiar with the meeting told Axios. “And this wasn’t about food. But he was told that shelves will be empty.”

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