Within hours of President Donald Trump's announcement that he would impose double-digit tariffs on all imports from nearly every country, markets reacted negatively with stock sell-offs and plummeting share prices.
Nintendo has responded by delaying orders of the Switch 2, its highly anticipated new gaming console, as a direct result of Trump's tariffs.
Nintendo unveiled the console—a fully updated version of the Switch, first released in 2017—on Wednesday and announced it would be available for preorder on April 9, ahead of a June release. But hours later, Trump announced tariffs on dozens of countries—including 24 percent on Japan, where the company is based, and 46 percent on Vietnam. As Daniel Idfresne wrote for Reason last month, Nintendo planned in 2019 to shift console production to Vietnam "to avoid Trump's trade war with China."
