Craftsman Toolmaker Warns of Price Hikes Over Trump Tariffs (1)

Stanley Black & Decker Inc. is considering raising prices in response to higher tariffs it expects to be imposed by President-elect Donald Trump’s administration.

The toolmaker is preparing for increased tariffs “very soon” after Trump is inaugurated in January, it said in a filing Tuesday. Anticipating a 60% tariff on goods from China, the company is also assessing supply-chain adjustments to mitigate the impact, moves that could take up to two years to take effect.

Without steps to blunt the tariffs such as moving production out of China, Stanley Black & Decker said the potential tariffs could erode its pretax ...