Home Depot Working to Avoid Major Price Hikes

Home Depot's CEO was among a major meeting of retail company heads who are working to avoid price hikes and supply shortages due to tariff wars.

According to Bloomberg, Home Depot is hopeful that won't happen.

A spokesperson for Home Depot told Bloomberg that the company "looked forward to continuing constructive dialogue" on trade policy. That came after the April meeting in which Home Depot EO Ted Decker and the leaders of Walmart and Target warned of possible price increases and supply shortages if the tariffs don't subside.

Home Depot's CEO joined the leaders of Walmart and Target for a private meeting on the tariffs. The other two leaders also indicated that they thought the meeting was productive, according to Bloomberg.

In November, Home Depot executives indicated in an earnings call that the company was positioned well to avoid pain from tariffs but could still the effects.

The Home Depot logo is displayed outside a store on March 10, 2025 in San Diego, California.

Kevin Carter/Getty Images

Ted Decker, Home Depot Chair, President and Chief Executive Officer, said in that earnings call that "Whatever happens in tariffs will be an industry-wide impact, it won’t discriminate against different retailers and distributors who are importing goods. The type of product as an industry is generally sourced from the same countries."

Decker continued in that call: "There has been some diversification of those sources, but clearly a bit of concentration in Southeast Asia and China in particular. We source well more than half of our goods domestically and in North America, but there certainly will be an impact."

He added, "But again given our scale, our experience going through the previous tariffs on at 25% on I guess was a couple of $100 billion of industry import goods going back a number of years ago, I’d bet on this team’s ability to work with the type of suppliers we have to work through this in a differentiated manner than others in the industry."

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