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Home Depot Says Prices Will Go Up Due to Tariffs
Cheddar News
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3 months ago
Home Depot announced that it plans to raise prices on a limited range of imported products in response to higher tariffs imposed by the Trump administration.
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00:00
Home Depot announced that it plans to raise prices on a limited range of imported products
00:04
in response to higher tariffs imposed by the Trump White House, marking a shift from its
00:09
previous position of not raising prices due to trade policy. The company emphasized that
00:14
these increases will be modest and focused on specific categories, while more than half of
00:20
its merchandise remains U.S. sourced and therefore exempt from tariff-driven adjustments.
00:26
Despite missing analyst expectations for the quarter, Home Depot reaffirmed its full year
00:31
guidance for 2025, maintaining investor confidence and even prompting a stock rally. The company noted
00:38
that elevated mortgage rates and economic uncertainty are keeping many homebuyers from
00:42
embarking on big renovation projects, though relief in rates could eventually revive demand.
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