Expect to start paying more for tools next year as Stanley Black & Decker Inc. deals with the impact of the Trump administration’s tariffs on Chinese imports. President Donald Trump announced tariffs on billions of dollars of goods earlier this year as a way to try and force China change trade practices he says are hurting U.S. manufacturers. Tariffs on certain goods will rise from 10 percent to 25 percent at the start of 2019. While the tariffs help U.S. producers competing against overseas companies,…
from https://www.bizjournals.com/baltimore/news/2018/10/25/stanley-black-decker-to-increase-prices-because-of.html?ana=RSS&s=article_search
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