U.S. President Donald Trump met with major retailers, including Home Depot CEO Ted Decker, on April 21, 2025, to discuss the impact of sweeping tariffs on their businesses. The meeting at the White House also included executives from Walmart, Lowe's, and Target.
Home Depot's CEO stated that the company does not plan to hike prices due to tariffs, aiming to generally maintain current pricing levels across its portfolio. This strategy is supported by the company's scale, strong partnerships with suppliers, and ongoing productivity initiatives.
The company is actively working to diversify its supply chain, with a goal of having no single country outside the U.S. represent more than 10% of its purchases within the next 12 months. This proactive approach seeks to mitigate potential cost increases and maintain competitive pricing for customers.
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