Home Depot's Response to New Tariffs

SOURCE www.npr.org
Home Depot executives say they don't plan to raise prices due to new tariffs, but some product options may disappear from shelves if import costs make them not worth it. The company is in a good position due to sourcing more than half of its items from the U.S. and hopes to steal shoppers from other retailers by maintaining steady prices.

Key Points

  • Home Depot aims to purchase no more than 10% of its products from any single foreign country by mid-2026
  • The company's commitment to not raising prices sets it apart from many other retailers
  • Walmart has announced price increases due to tariffs, contrasting Home Depot's strategy

Pros

  • Home Depot does not plan to raise prices broadly for customers
  • The company is strategically sourcing items from the U.S. and pushing suppliers to diversify sources
  • Steady prices may attract shoppers from other retailers

Cons

  • Some individual prices may increase due to tariffs
  • Certain product choices may be impacted and could disappear from shelves