On April 2, President Donald Trump laid out his list of reciprocal tariffs on countries, causing a global economic panic and sending stock markets across the planet into the red. A week later, on April 9, he announced a 90-day pause on reciprocal tariffs for many of the countries on the list that didn't increase their tariffs on the U.S.
This pause gave some relief to companies worldwide that trade with the U.S. and are based in those countries, or who manufacture their products in a place like Vietnam, which was looking down the barrel of a 46% tariff. Gamers in the U.S. were especially worried, as there were concerns that the price of the recently announced Nintendo Switch 2 would jump due to the tariffs after the company halted pre-orders.
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