Walmart (WMT) CEO Doug McMillon sat down with President-elect Donald Trump on Tuesday, sources told Yahoo Finance.

The one-on-one meeting at Trump's Mar-a-Lago estate comes less than two weeks before he takes office for the second time. McMillon is one of many executives meeting with Trump ahead of Inauguration Day. Others include Amazon (AMZN) founder Jeff Bezos, Meta (META) co-founder Mark Zuckerberg, Pfizer (PFE) CEO Albert Bourla, and TikTok CEO Shou Zi Chew.

“Doug enjoyed reconnecting with President Trump on a range of topics," a Walmart spokesperson told Yahoo Finance, adding that it was a "great conversation."

McMillon's tenure atop Walmart began in 2014, and he previously worked with Trump's first administration. He served on an advisory council before it was disbanded in August 2017, then on a special task force in response to the COVID-19 pandemic in April 2020.

"We stand ready to help move our country forward,” Walmart's spokesperson added.

Walmart is America's biggest retailer with 1.6 million US workers, often setting the tone for the industry. The company did not share the topics discussed, but McMillon has previously said that one of his top concerns is the impact of potential tariffs.

Read more: What are tariffs, and how do they affect you?

The president-elect has floated a range of new tariffs, such as 10% tariff on all imports and 60% on Chinese imports to cut the trade deficit.

Potential tariffs could hit the chain's profit due to elevated costs. The retailer might have to pass along that cost to healthy but price-sensitive consumers heading into 2025.

McMillon said his team successfully dealt with tariffs under Trump's first administration in 2017.

"We're positioned to manage it, but what I worry about is customers experiencing higher prices, and we're going do everything we can to try and keep them low," he told Yahoo Finance's Executive Editor Brian Sozzi.

He then shared that he plans to encourage leaders he meets to "be strategic and really thoughtful with them [tariffs] and help them understand how the math works."

When labor strikes hit the East and Gulf Coast ports last October, Strategic Resource Group's Burt Flickinger told Yahoo Finance that 80% of the nonfood goods sold at Walmart come from the Asia Pacific and international regions.

Read more: Best credit cards for shopping at Walmart (2025)

Walmart's stock has been on a tear over the past year. It's up more than 70%, outpacing the S&P 500's (^GSPC) 24% gain, leading the retailer to be named Yahoo Finance's 2024 Company of the Year.