Newell CEO: Too Early to Comment on Tariff Ruling -- Market Talk

Dow Jones
Feb 21

1125 ET - Newell Brands CEO Chris Peterson, speaking shortly after the Supreme Court struck down President Trump's global tariffs regime, says it's too early to comment on what the ruling means for his company. The administration still has other avenues through which they could impose tariffs, and it's unclear whether companies will be refunded for tariffs they've already paid, he says at the 2026 Consumer Analyst Group of New York conference. Still, he says, a "substantial majority" of the tariffs Newell paid were those issued under Ieepa, which the Supreme Court said exceeded the President's authority. Newell paid $174 million in incremental tariffs costs, resulting in a 23 cents per share headwind to earnings, Peterson says. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

February 20, 2026 11:26 ET (16:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10