Shares of Nintendo fell sharply on Monday after the company announced it would delay U.S. preorders for its highly anticipated Switch 2 console due to new U.S. tariffs.
In a statement, Nintendo said: “Pre-orders for Nintendo Switch 2 in the U.S. will not start on April 9, 2025, in order to assess the potential impact of tariffs and evolving market conditions.”
The announcement comes after new tariffs were introduced by President Donald Trump, including a 10% duty on all imports. Electronics are being hit even harder, with some items from key trading partners facing increased levies. Japanese goods now carry a 24% tariff, while products made in Vietnam, where Nintendo moved some production to avoid earlier tariffs on Chinese goods, will be taxed at 46%.
The uncertainty surrounding these tariffs triggered a sharp sell-off in Nintendo’s stock. Shares listed in Tokyo dropped as much as 10% during Monday trading, hitting their lowest level since mid-January. As of 05:17 GMT, the stock was down 6.5%.
Despite the preorder delay, Nintendo confirmed that the official release date for the Switch 2 remains June 5, 2025.
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