Whirlpool's shares tumbled 12% on Tuesday after the home appliances maker slashed its full-year earnings forecast and dividend, blaming pressure from rivals loading up on imports ahead of U.S. President Donald Trump's tariffs.

Whirlpool ( WHR) shares tumbled more than 10% Tuesday, a day after the maker of washers, dryers, and other major appliances posted worse-than-expected results, cut its guidance, and planned to reduce its dividend because of what it called "negative consumer sentiment."

Whirlpool said it is bound to benefit from President Trump’s tariff policies—just not yet. The Michigan-based appliance maker is trimming its full-year adjusted earnings guidance to between $6 and $8 a share.