Staff forgot to unlock the main thread, but there’s been important news that can’t wait.
There’s been a lot of instant doom and gloom over tariffs. Within hours Vietnam has stated intent in ending them outright. If anything else happens I’ll update this post.
Source: https://www.bloomberg.com/news/articles/2025-04-04/vietnam-as...
Yes it has a paywall but there are other news outlets as well.
The price will not change.
Update 1: Vietnamese government officials state they plan to end tariffs on U.S. goods completely.
Source: https://www.wsj.com/livecoverage/stock-market-tariffs-trade-w...
Stock of Nike is currently up today. Remember the manufacture in Vietnam as well. The price of the Switch 2 will not change.
Update 2: Vietnam has completely capitulated to the U.S.’s request and the deal to drop tariffs on both sides is nearly complete.
Update 3: Japan is now in negotiations with the U.S.. They haven’t stated intent to drop tariffs but are doing everything they can to mitigate the situation
Update 5: No idea who DFC intelligence is but Forbes is covering it so here we go. Analysts predict that Nintendo will remain steadfast on the price and will recoup losses by reducing sales over the next 2 years instead.
Update 6: Tariffs on Vietnam and Japan have been lowered to 10% for 90 days. This is significantly closer to what they already were and could go overnight lower after negotiations finish.
Update 7: Nintendo doesn’t have to pay the tariffs on their electronics! This means that the S2 will actually be cheaper to produce than it was before this whole talk of tariffs!
Update 8: I was gung-ho about the previous update, remains to be seen if it’s true or not.
Update 9: Japan and the U.S. are making great progress towards removing the tariffs between each other. This is less important since its only about half and only for the carts but good news nonetheless.
This is good news for sure. Plus with the push back over game prices it'll probably make Nintendo more reluctant to pass further costs onto the consumer, which will work in our favor.
One way or another though I need my preorder!
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@FawfulsFury it’s less doom mongering and more I told you so. Actually it’s more like America funniest home video where the fat Dad is trying to show off on a diving board but falls on his arse.
It's also worth noting that a lot of what this administration does is a bit of a media smoke screen. They'll frequently claim victory on things when nothing has changed other than the fact that the US is backing down on their action. Has happened a few times already. They make a huge scene, create drama, get headlines from people saying how outrageous the outrageous thing they're doing is. Then chicken out and not follow through with the outrageous thing, claim victory, then pretend it never happened
I wouldn't be that shocked if the US ends up not following through with these tariffs. Actually I half expect it. But even if they back out they may well come back in a couple of months and pull the same stunt. And, to be blunt, if you were a business importing millions of fairly premium electronics products into the US while this is going on? .... I think you still work under the assumption that it's going to happen
I mean if your landlord has come up to you every other month for the last year and said "I'm considering increasing your rent by 50%" what do you do? Do you sit there and go "yeah, ok, you keep saying this but it hasn't happened yet. Fake news"? Or do you go "maybe I should cut down on spending, create a bit of a savings buffer and have a look at other rental options just to be safe". You do the latter
@skywake The tariffs have helped a lot for US when it came to Mexico and Canada, and it seemingly is already working for Vietnam and other countries are seemingly trying to get in talks with US to negotiate. Whether we like it or not some of these tariffs are actually effective. There's no way they're not gonna keep pushing this if they're seeing results, it's not like the other countries have many options.
it's not like the other countries have many options.
I think you’re grossly overestimating ’murica’s export trade there. No one cares about Keeping Up With The Kardashians so much they will lift silly bugger tariffs.
@jump You might just be underestimating how large of an impact these tariffs have on countries. In countries like Vietnam, there's a lot at stake. Nike, Nintendo and other companies have quite reliance in Vietnam's shipments to US. Several negotiations in regards to other countries with US are seemingly trying to be resolved as quickly as possible as this will be having a toll on them as well. A lot of countries are trying to work out a fair deal, which likely wouldn't have started if it wasn't for these tariffs.
@PikminMarioKirby I’m not underestimating other counties value exporting into ‘muerica, I grossly underestimating ‘muericas value of exports into other countries.
America’s value is that it’s large market that will gobble up cheap rubbish but if they insist on becoming an insular country then there’s not much point exporting into them which leaves ‘muericas greatest exports Keeping Up With Kardashian which doesn’t hold much value for other countries.
Yeah, the bargaining chip the US has here is how valuable they are as an import market to these countries.
Anywhere that the US is a net exporter to - and that's not a lot of countries - just got slapped an arbitrary 10% tariff. They're also complaining about it, of course, but it's not going to be utterly ruinous for their economies.
@jump I'm not sure how much US exports into other countries, but I feel it's far less in ratio compared to other countries. It may not be as much money when it comes to their exports, but it still holds value and other countries still find worth in keeping their trade deals with the US, so whilst other countries want to keep their imports and even more importantly their exports, the tariffs are still important for them to negotiate with.
It's also worth noting that a lot of what this administration does is a bit of a media smoke screen. They'll frequently claim victory on things when nothing has changed other than the fact that the US is backing down on their action
The way I see it the only thing the US has managed to achieve lately is boost the stocks of governments around the world who are playing it with a straight bat. The government in Canada as I understand it was deeply unpopular but is now in a very comfortable position. Purely from a renewed sense of Canadian Nationalism in standing firm against the US
A similar thing is happening in Australia, the US is trying to pressure our government into removing our national pharmaceuticals scheme where the government buys pharmaceuticals as a country to get the best deal, mostly from US companies, and then additionally subsidises them so we pay a LOT less for medicine. This current government was kinda.... middle of the road popularity before this stuff started going down. But now they're leaning into the "we're not going to cave to the US" bit and there's a huge turn around in the polls
I genuinely don't see what the US is achieving here other than reducing the appetite amongst key allies and their voting publics for any co-operation with the US. I don't think this is working at all for the US. I mean, a few years ago Australia shafted France, cancelling a huge submarine contract, and signed a new spending deal between the US and UK. It wasn't hugely popular but there was cross-party support for it. It was done, over, that's what we were doing. But now there's suddenly relatively serious public discussion about going back to France
I'm sure it plays well with some in the US but..... I think it's fair to say it's not a good negotiating strategy to walk into the room and behave erratically like this. Not when there are other countries who are being far more reliable. Also I would note that Australia imports more from the US than we export to the US. We have a fairly long history since WW2 of responding "how high" whenever the US says jump. And yet the US is still trying to mess with us ATM. So..... I really don't know what to say to anyone who thinks this is anything other than monumentally stupid international diplomacy and trade policy
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Topic: Updates on Vietnam #2
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