Stanley Black & Decker is reducing its production in China in response to the introduction of tariffs.
by Web Administrator
Feb 23, 2025 10:40
Stanley Black & Decker is adjusting its supply chain to manage higher costs from recent tariffs on imports from China, anticipating a financial impact of $10-$20 million in 2025 if tariffs remain at 10%. Without mitigation, costs could rise by $90-$100 million annually. The company aims to offset these impacts through supply chain and pricing strategies. Despite challenges, including a flat $3.7 billion in fourth-quarter sales, they are optimistic about future improvements as market conditions stabilize and are actively engaging with the administration for better trade agreements.