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.