Trump wants more tariffs. What that means for US manufacturers. [USA TODAY]
Stanley Black & Decker, Inc. (SWK)
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Source: USA TODAY
The idea is to drive up the price of imported goods to make American-made products more appealing. Trump's plans have been heralded by some domestic manufacturers competing against low-cost goods from countries like China, but economists warn tariffs can be a double-edged sword by driving up inflation and interest rates. “It does offer a measure of protection” for manufacturers, said Gary Schlossberg, global strategist at the Wells Fargo Investment Institute. But “depending on where you are in manufacturing, that (inflation) could work against you.” Concerns over inflation Trump placed tariffs on solar panels, washing machines and certain metals during his first administration. President Joe Biden kept most of those tariffs in place and slapped new tariffs on additional Chinese goods like electric vehicles and semiconductors. Now, Trump is proposing more aggressive tariffs ranging from 60% to 100% on Chinese goods and a universal tariff of up to on imports from all other countr
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SWK
Earnings
- 10/29/24 - Beat
SWK
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- SWK's page on the SEC website