Why Tariff Inflation Is Just Starting

In May, Home Depot executives told investors that they plan to hold the line on prices despite tariffs. William Bastek, Home Depot executive vice president of merchandising, told analysts: “Now some of the imported goods, obviously, tariff rates are significantly higher today than they were when we spoke in May.” With all the back and forth, threats and last-minute deals, investors could be forgiven for not having a clear picture of what Home Depot’s import bills look like now compared with three months ago.

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