President Donald Trump spoke with eight retail industry CEOs Wednesday in a meeting arranged by the Retail Industry Leaders Association to discuss tax reform, with president's support for a border tax being high on the agenda.

The retail industry opposes new taxes on imports from Mexico and other countries, fearing such a policy would drive up the price of goods and, as a result, drive customers from their stores. House Republicans have proposed a border adjustment tax on Mexican goods. Trump himself has expressed skepticism about the idea, but his administration has floated the possibility of imposing a border tax to pay for a wall on the U.S.-Mexican border.

In remarks made before the meeting at the White House, Trump spoke about tax reform but didn't mention a border tax.

"We're going to lower the rates very, very substantially for virtually everybody in every category, including personal and business," he said.

RILA also didn't broach the topic in remarks released after the meeting, although several of its members told media outlets going in they planned to discuss the tax.

"We stressed the importance of taking a thoughtful approach to tax reform for both individuals and corporations," RILA board chairman and AutoZone CEO Bill Rhodes said in prepared remarks.

The CEOs and Trump also spoke about infrastructure spending and regulatory reform. http://bit.ly/2lWR8dP

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