Stanley Black & Decker, Inc. says the Trump administration’s proposed tariffs could cost the maker of industrial tools and household hardware up to $100 million in extra charges on goods imported from China, resulting in a “net impact” of $10 million to $20 million.

During the company’s Q4 2024 earnings call February 5, president & CEO Don Allan said, “Our approach to any tariff scenario will be to offset the impacts with a mix of supply chain and pricing actions, which might lag the formalization of tariffs by two to three months, therefore limiting P&L headwinds in the near-term and maintaining our long-term margin objectives.”

His comments seemed to echo the approach industry experts expect to see from U.S. companies likely to be affected by the proposed 10% tariff on all goods imported from China, which is to raise prices to compensate for the extra costs.

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“If the current addition of 10% tariffs on China remains in place, we would expect an annualized unmitigated impact of approximately $90 million to $100 million,” Allan said. “Based on how we would react, this will result in a 2025 net impact of $10 million to $20 million, accounting for the time needed to deploy countermeasures.”

Allan said the company awaits greater clarity before enacting any new measures, but would continue to accelerate its withdrawal from sourcing goods from China, which he said was already underway during the second half of 2024. 

Black & Decker said it had imported $900 million to $1 billion of imports into the U.S. from China in 2024. “We continue to work to reduce this exposure,” Allan said.