Whirlpool Corp. tumbled as tariff uncertainty upended expected benefits from the levy regime, forcing the appliance-maker to slash its outlook and dividend to shore up its financial position. The stock plunged as much as 14% in New York, the steepest intraday drop since January.

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'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.