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May 21, 2025

Home Depot says it won't boost prices because of tariffs

By MICHELLE CHAPMAN
AP Business Writer

Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves.

Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries and that the company doesn't expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.


 
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