Investing.com -- Shares in computer parts manufacturer Logitech (NASDAQ: LOGI ) experienced a significant drop of around 15.5% following the decision by U.S. President Donald Trump to impose extensive tariffs, affecting imports from numerous Asian countries.

"We estimate that tariff announcements would amount to a ~$50B incremental cost borne by either the manufacturer, the end-customer, or shared between both, across our coverage (30% of coverage EBIT)," Morgan Stanley analysts wrote in a note.

The company’s annual revenue from sales to customers in the United States accounted for 36% in the fiscal year 2024. The new tariff measures are anticipated to exert additional pressure on analyst estimates.

Logitech’s stock price plummeted to its lowest level since October 2023, making it one of the worst performers on the Europe-wide STOXX 600 index.

If the losses persist, Logitech will experience its most severe drop since June 2023.

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