Home Depot Says Suppliers Are Moving Manufacturing

The box store style home improvement chain known for its slogan “Let’s Do This” is concerned about the impact of tariffs on goods from China.

Home Depot’s suppliers are now being proactive by trying to head off some of the increased costs from rising tariffs.

They are moving some manufacturing to other countries, including Taiwan and Vietnam, which executives say reduces the impact of the tariffs to about 1%.

Source: https://www.cnbc.com/2019/08/20/home-depot-says-suppliers-are-moving-manufacturing-out-of-china.html

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