Since our founding in 1843, Stanley Black & Decker has been committed to American manufacturing and job creation.
We currently operate 49 manufacturing facilities across the U.S. and collectively employ about 17,300 U.S.-based workers.
We have also brought more manufacturing jobs back to the U.S., increasing our manufacturing workforce by 40 percent from 2015 to 2018.
Unfortunately, the U.S. government’s current tariff policies on imported components are hurting many of the U.S. manufacturers they are supposed to help, including Stanley Black & Decker.
Although we wholeheartedly support the efforts to improve global trade relations, and believe that increasing access to a global marketplace is well founded, American businesses, employees and consumers should not bear the consequences of these current tariff policies.
How do tariffs impact Stanley Black & Decker?
To support manufacturing in our U.S. facilities, Stanley Black & Decker imports materials and components from around the world, including China. Some items that we require, including components like drill chucks, motors and bearings, are not available in the U.S. today. We bring them into our U.S. factories where U.S.-based workers craft the finished goods.
The new costs that come with the current tariff regime compromise the competitiveness of many Stanley Black & Decker U.S. manufacturing operations, and harm Stanley Black & Decker’s ability to grow, manufacture and create more jobs in the U.S.
What is the path forward?
For the sake of our workers and planned expansion and investment in the U.S. market, we urge the U.S. government to provide relief to U.S. manufacturers. This relief could include:
- Issuing exclusions to support investments in U.S. manufacturing;
- A reduction, postponement or abatement of current tariffs while negotiations with China are ongoing.