Toolmaker Stanley Black and Decker has indicated that two-thirds of its imports from China are subject to tariffs as a result of the three rounds of duties applied in July through September by the administration of President Donald Trump. Chief Financial Officer Donald Allan has indicated that the plan is to pass through higher tariffs – particularly the increase to 25% from 10% in the new year – to customers through price rises. There is some evidence of accelerated imports ahead of the 25% rates applied in July and August with U.S. seaborne imports from China up by 22.1% in the three m...
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