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Logitech withdraws 2026 forecast amid tariff uncertainty
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Logitech withdraws 2026 forecast amid tariff uncertainty
Apr 10, 2025 2:33 PM

April 10 (Reuters) -

Computer parts maker Logitech International on

Thursday withdrew its 2026 forecast, citing continued

uncertainty stemming from U.S. President Donald Trump's trade

policies.

The Swiss-American company, which makes products such as

keyboards, mouse and webcams, previously forecast

fiscal year 2026

sales to range from $4.53 billion to $4.71 billion.

However, the company maintained its 2025 sales forecast.

For the year, it expects sales to grow between 5.4% and 6.4% to

$4.54 billion to $4.57 billion.

Trump

last week

had imposed a 31% tariff on imports from Switzerland

compared with 20% on goods from the European Union. Shares of

Logitech dropped to a 17-month low following the announcement.

In a

stunning reversal

, Trump on Wednesday said he would temporarily lower the

hefty duties he had just imposed on dozens of countries while

further ramping up pressure on China.

Trump's

decision to hit Switzerland

with steeper tariffs than most of Europe was a major shock

to the export-oriented country, pushing it towards the European

Union as it scrambled to contain the fallout.

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