Home Depot won't raise prices
Digest more
19hon MSN
Walmart opened the door for retailers to hike prices over tariffs, but Home Depot doesn't plan to. Digging into each business helps explain why.
1don MSN
President Donald Trump. After Mattel Inc. warned of price increases earlier this month and said making toys outside the U.S. served consumers’ pocketbooks better, Trump floated the idea of a 100% tariff on the toy maker.
Home Depot's executive vice president of merchandising told analysts that the company intends "to maintain pricing across our portfolio."
Home Depot is eschewing price hikes related to tariffs as President Trump warns companies against raising consumer prices.
Home Depot earnings are front and center for U.S. stock investors in what will be a busy week for reports including Target and Lowe’s and any tariff price impacts for consumers. FOX Business is providing real-time updates on the markets,
Stock futures were slightly lower in premarket trading Tuesday. Home Depot said it wouldn't raise prices due to tariffs. Mortgage rates are back above 7% after a Moody's downgrade of the U.S. credit rating.