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Home Depot Cuts Dependence on China, Keeps Prices Steady

5/20/2025

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Summary

Story summary

Home Depot is committed to keeping prices steady, sourcing more than half of its products domestically and diversifying imports to lessen dependence on China. CFO Richard McPhail emphasized that no foreign supplier will account for more than 10% of purchases by next year. In contrast, Walmart is raising prices amid tariff challenges.

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Story summary

Home Depot is committed to keeping prices steady, sourcing more than half of its products domestically and diversifying imports to lessen dependence on China. CFO Richard McPhail emphasized that no foreign supplier will account for more than 10% of purchases by next year. In contrast, Walmart is raising prices amid tariff challenges.