1332 ET - Stanley Black & Decker is making $150 million in targeted investments this year aimed at accelerating its supply chain overhaul to reduce the company's reliance on production in China, CFO Patrick Hallinan says on an analyst call. The tool maker anticipates that Donald Trump's targeted tariffs on China could cost the company $90 million to $100 million in 2025 if they remain in place, though Stanley believes it could get the impact down to $10 million to $20 million with higher prices and further changes to its supply chain, the CFO says. Stanley is waiting for greater clarity on tariffs before enacting any new measures to battle the cost inflation, the CFO says. "We expect the current situation to remain dynamic," he says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 13:32 ET (18:32 GMT)
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