ASML CFO Says Trade War Worries Clients More Now Than in April

July 16, 2025, 2:40 PM UTC

ASML Holding NV’s clients are more worried about the global trade war now than they were in April, Chief Financial Officer Roger Dassen said, as the Dutch firm blamed tariffs for clouding its sales outlook next year.

“Our customers are more concerned about the tariffs discussion today than they were three months ago,” Dassen said on a call with analysts Wednesday. “Countries are in full battle mode again when it comes to tariffs.”

CFO of ASML Roger Dassen
Photographer: Peter Boer/Bloomberg

Washington’s chaotic rollout of tariffs has roiled markets and made planning major spending difficult. While chips are currently exempt from the US reciprocal tariffs set ...

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