Home Depot says it’s keeping prices steady after Trump berates Walmart

Home Depot announced its intention to maintain steady prices, responding to President Trump’s criticism of Walmart’s warnings about impending price hikes due to tariffs on Chinese goods. CFO Richard McPhail stated that the company is working with suppliers and shifting production away from China, aiming for no foreign country to account for over 10% of purchases within a year. This commitment follows Trump’s assertion that Walmart should absorb tariffs instead of passing costs to consumers, despite evidence that businesses often transfer tariff-related costs to customers.

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