Home warehouse absorbs the costs of definitions, and challenge industry warnings of high prices

Home Depot He said on Tuesday that he is not planning to raise prices due to customs tariffs, and challenge the broader trend in the retail industry.

“We intend to maintain prices in general through our portfolio. We will continue to use the wallet approach that we talked about a lot in the past, but we do not see a large -scale price for our customers at all,” William Basttek, Executive Vice President of Analysts said during the profit invitation on Tuesday.

Pastec said that the company was Work with its suppliers For years to diversify their supply chains in many countries.

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“We have enormous flexibility here. I can’t confirm it enough. We are Take action alreadyMove quickly. We expect, after 12 months from now, that no one country outside the United States will represent more than 10 % of our purchases. ”

He faced other heavy hunger people in the industry, which constantly warned against this president Donald Trump The customs duties will lead to increases in the prices that consumers will see in the registry.

Many of the main retailers of China, which was a major target of Trump’s trade war.

The United States said it would reduce the “De Minimis” tariff for low -value shipments from China to up to 30 %, but the customs tariff for direct postal shipments for the consumer of elements of $ 800 from 120 % to 54 % will be reduced, according to Reuters.

The President of the Wall Mart warned last week against the high prices of potential, given the uncertainty in the customs tariff environment, even after a “fruitful” meeting with Trump to discuss continuous trade negotiations and the impact of definitions on imported goods.

Chinese imports have declined to us to the lowest levels since the epidemic amid Trump’s tariff

“We will do our best to maintain our prices as low as possible, but, given the size of definitions, even at the reduced levels announced this week, we were not able to absorb all pressure given the fact of narrow retail margins,” Dog McMelon, CEO of Wall Mart said in a statement.

Trump criticized the company in a post on the social truth, saying it should “eat customs tariffs.”

After talking to McMillon, Treasury Secretary Scott bet He said on Sunday that the company agreed to absorb some of the costs of definitions.

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“Therefore, Wall Mart will absorb some definitions,” said Pesin. “Some may be transferred to consumers.”

index	protection	last	Changing	% Change
HD	Home Depot Inc.	377.17	-2.01	-53 %
Wmt.tgt	There are no data available	–	–	–
Babbi	Best Buy Co. Inc.	71.16	-0.45	-63 %

CEO of The goal and the best purchase He also warned earlier this year that customs duties against the main commercial partners will press profits and can rise consumer prices.