Logitech Withdraws 2026 Forecast Due to Tariff Uncertainty
(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.
(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Maju Samuel)
