Increases in tariffs may be on the horizon, and Stanley Black & Decker is prepared for them.

Stanley Black & Decker has been preparing for potential changes in U.S. tariff policies since spring, according to CEO Donald Allan. The company plans to shift production and supply chain operations from China to other Asian countries or Mexico, as relocating back to the U.S. is deemed not cost-effective. Allan emphasized the uncertainty surrounding tariff specifics post-election, which could significantly impact their strategies. The firm is ready to implement price adjustments once tariffs become clearer and is also working to inform policymakers about the tariffs' effects on the industry.