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

Appliance maker’s CEO says results were affected by foreign competitors stockpiling Asian imports into the U.S. ahead of 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."