Tariff Truce Is $1 Billion Relief for Stanley and Lawn Tool Customers
Lower taxes on Chinese imports will reduce the earnings drag from tariffs, so the maker of leaf blowers and power tools won’t have to raise prices as aggressively.
Stanley has been reducing its dependence on China but still sources products from the country for the US market, making it particularly vulnerable to Trump’s tariff whiplash.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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How’s this for a Memorial Day special: President Donald Trump’s tariff truce with China will save power tool and lawn mower manufacturer Stanley Black & Decker Inc. more than $1 billion if it holds.