(NEXSTAR) – Three months ago, Home Depot said it didn't expect to raise prices, claiming that its ability to diversify its sources would help it dodge tariffs. That's about to change, at least for some items.
CFO Richard McPhail told The Wall Street Journal on Tuesday that customers will see "some modest price movement for some categories," as tariffs on some goods are higher now than they were in May.
He noted, however, that the "price movement" won't be seen on a broad scale, and told CNBC that Home Depot's pricing approach isn't changing.
Part of this is because most of the products found at Home Depot are nationally sourced. By next year, no foreign country will represent more than 10 percent of Home Depot's purchases, McPhail said in May.
He did not elaborate this week on which ca