Home Depot Inc. emphasized its global sourcing diversification during its first-quarter earnings call, estimating a limited impact from current tariffs. Executive Vice President Billy Bastek noted that 50% of purchases are U.S.-sourced and projected that no country outside the U.S. will represent more than 10% of sourcing within a year. Economist Mohamed El Erian praised the company’s “China plus many” strategy in a post on X, calling it a step beyond the common “China plus 1” model. Bastek also reassured investors that Home Depot does not foresee broad-based price increases, citing tactics like discontinuing tariff-hit items, boosting internal productivity, and selectively adjusting product lines to shield customers from rising costs.
