The chief executives of Walmart and Target privately warned President Trump this week that his sweeping tariff policy could disrupt supply chains and lead to empty shelves in the coming weeks, sources familiar with the White House meeting told CBS News.

Doug McMillon, the CEO of Walmart, reportedly told President Donald Trump -- alongside other business leaders who met the president in the Oval Office on Monday -- that his tariff policy is "not good for anybody.

President Donald Trump met with major retailers at the White House, as business executives seek relief from sweeping tariffs that have destabilized global supply chains and rattled US consumers.