For retailers, tariffs are the latest threat to an already challenging economic landscape, in which consumers are looking for low prices after years of high inflation.

U.S. President Donald Trump is set to meet with representatives from major retailers on Monday afternoon to discuss the effects of broad-based tariffs on their businesses, a White House official said.

The White House is now negotiating trade deals with dozens of countries after President Donald Trump paused the worst of his sweeping tariffs for 90 days, with negotiators from Japan visiting the White House on Wednesday, as foreign countries suggest the pause will give them breathing room as they seek to reach deals with the Trump administration.