By John Keilman
3M's CEO said President Trump's threatened tariffs on eight European nations could translate to a "$30 million, $40 million impact this year" for the materials maker.
CEO Bill Brown said 3M imports about $250 million of goods from Europe annually, which could be affected by duties related to Trump's effort to claim Greenland.
"But again, we're a long way from that becoming an executive order, so we'll see," Brown told analysts at an earnings call. "We're watching it, as everybody else is."
The company also exports $700 million of goods into the continent, Brown said. The European Union has specified a range of retaliatory tariffs it could impose if Trump follows through.
3M beat Wall Street's fourth quarter expectations for adjusted earnings per share, but the midpoint of its 2026 earnings guidance range is slightly lower than the predictions of analysts polled by FactSet. The company's stock fell more than 7% in morning trading.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
January 20, 2026 11:11 ET (16:11 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
