President Donald Trump is meeting with the CEOs of eight major retailers to discuss concerns surrounding a potential border tax. Attendees include Brian Cornell from Target, (TGT) - Get Target Corporation Report Hubert Joly from Best Buy, (BBY) - Get Best Buy Co., Inc. Report Art Peck from Gap, (GPS) - Get Gap, Inc. (GPS) Report Marvin Ellison from J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report Stefano Pessina from Walgreens Boots Alliance. (WBA) - Get Walgreens Boots Alliance Inc Report
"I think the important thing is to look at the makeup of who's going there," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" on Wednesday morning.
Retailers like Target and Gap are companies that "actually deal with the masses," or the people that actually voted Trump into office, he continued. "I think they can make a strong case," Cramer claimed.
After the meeting, Trump will see that he's met with the people who "actually clothe and feed this country" and that they're concerned about the potential border tax, he explained. Trump usually like what executives have to say when he meets with them. It's a "feedback loop that's very positive for everyone in the room," he said.
It's a "great narrative" for the stores that got invited, Cramer said. "JCPenny -- what a great narrative to have. He's not meeting with Neiman Marcus or Tiffany."
(Walgreens is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)