Cambodia hit with highest Trump tariff but manufacturing 'absolutely not' coming back to U.S., trade group says [MSNBC.com]
Stanley Black & Decker, Inc. (SWK)
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Source: MSNBC.com
State of FreightCambodia hit with highest Trump tariff but manufacturing 'absolutely not' coming back to U.S., trade group saysPublished Tue, Apr 8 2025Updated 31 Min AgoLori Ann LaRocco@loriannlaroccoWATCH LIVEKey PointsA garment factory in Phnom Penh, Cambodia.Bloomberg | Bloomberg | Getty ImagesAmong the top goals for PresidentDonald Trumpsteep tariffsshort-term market and economic duressWhile the 49% tariff rate that the Trump administration is placing on Cambodian goods will lead to an existential crisis for Cambodian factories and workers already at the low end of global income distribution, reshoring of its manufacturing to the U.S. is not going to happen, according to a trade group that represents U.S. interests in the retail manufacturing hub."They're absolutely not going to go back to the United States," said Casey Barnett, president of the American Chamber of Commerce in Cambodia, the trade association representing U.S. companies manufacturing in Cambodia. "I can't imagine
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SWK
Earnings
- 11/4/25 - Beat
SWK
Sec Filings
- 12/12/25 - Form 4
- 12/12/25 - Form 4
- 12/9/25 - Form 4
- SWK's page on the SEC website