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.

It’s a tale of two retailers. Home Depot is leaning into tariffs by holding prices steady for customers. Meanwhile, Walmart said last week it will do the opposite and raise prices. That contrast tells you who’s playing offense and who’s playing defense.

Home Depot is eschewing price hikes related to tariffs as President Trump warns companies against raising consumer prices.

Home Depot’s chief financial officer Richard McPhail said Tuesday that the company would not raise prices amid President Trump’s tariff agenda. “Because of our scale, the great partnerships

President Trump's quarrel with Walmart didn’t change Home Depot’s calculus around prices, said its chief financial officer, and the company will continue to focus on its strategy to diversify its supply chain.

Amid tariff pressures, Home Depot is maintaining stable prices, contrasting with other retailers like Walmart that warned of potential price hikes.