Stanley Black & Decker continues to cut China production as tariffs emerge
An article from
Dive Brief
The manufacturer is bracing for a $10 million to $20 million impact from President Donald Trump’s recent trade announcements.
Published Feb. 20, 2025
First published on
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Dive Brief:
- Stanley Black & Decker is repositioning its supply chain to mitigate the higher costs associated with goods imported from China following President Donald Trump’s recent tariff actions against the country, according to a Q4 earnings call on Feb. 5.
- The tools giant is expecting a $10 million to $20 million impact on its finances in 2025, factoring in adjustments to its global supply chain if the 10% tariffs on China remain in place, CFO and EVP Pat Hallinan said during the call. The impact, however, would be 10 times higher without mitigation efforts.
- “Our appr…