Shares of ASML (NASDAQ:ASML) fell 5.7% on Wednesday after the company warned that tariffs were increasing uncertainty for the long term.

“There's this new uncertainty around tariffs. And like many experts, many businesses are explaining this is, of course, something that we don't know how to quantify yet,” said CEO Christophe Fouquet in a video uploaded on ASML's website. “But this is adding definitely uncertainty on the long term.”

ASML's CFO Roger Dassen broke down four categories by which tariffs could impact the company: shipments to the U.S.; tariffs on imported parts and tools; material imports required for its manufacturing in the U.S.; and tariffs from other countries on U.S. exports.

“We're very actively working with the entire ecosystem to try and minimize the overall impact on the whole ecosystem as a result of that,” Dassen explained.

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Dassen added it was too early to discuss what extent of impact tariffs would have on global GDP and total market demand, “and therefore it's quite impossible actually to put a number on that.”

By: DocMemory
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