Home Depot will utilize its expertise to address tariffs.

Home Depot executives stated that their sourcing strategy and past experience with trade duties will help mitigate the impact of potential tariff increases under the incoming Trump administration. The retailer sources over half of its products from North America, which positions it favorably compared to competitors, although tariffs on Chinese goods could still affect operations. Home Depot has previously adapted to tariffs through a data-driven approach, analyzing impacts at the SKU level, enabling them to work with suppliers to reduce costs effectively.