Home Depot warned that it may raise prices on select merchandise in order to offset the cost of the Trump administration’s tariffs on imports — marking a reversal from the retailer’s earlier stance against trade-related pricing adjustments.
The nation’s largest home improvement chain said during an earnings call on Tuesday that pricing changes would affect specific product categories, though executives characterized the adjustments as measured rather than sweeping.
Richard McPhail, Home Depot’s chief financial officer, told the Wall Street Journal that certain items would see price modifications in response to import duties. 3
“There will be some modest price movement for some categories,” McPhail told the Journal, signaling the company’s evolving approach to managing tariff pr