Walmart, Target Warn of 'Massive' Price Hikes, Empty Shelves

The CEOS of Walmart and Target are warning that store shelves could be empty in weeks unless trade policy changes soon.

According to an April 26, 2025, report by Axios, the CEOS said in a private meeting on Monday, April 21 that U.S. tariffs could mean "massive product shortages and price spikes.

CBS News reported that the Walmart and Target CEOS also warned that tariff policy could "disrupt supply chains and lead to empty shelves in the coming weeks."

The CEOS, who were joined by the head of Home Depot...