President Donald Trump is set to meet Monday with executives at Walmart, Home Depot, Target and Lowe's due to the companies' concerns about tariffs.

A White House official confirmed the meeting, according to The Associated Press.

Companies are having concerns about inflation due to Trump's tariffs.

The president has a baseline tariff of 10% and import taxes of 145% on goods from China. 

The Dow Jones Industrial Average dropped over 1,000 points on Monday.