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for Nintendo’s highly anticipatedwere delayed in April
the potential impact of tariffs. Nintendo laterthat some Switch 2 accessories would see price adjustments, but maintained that its baseline price for the console — $449.99 — would remain the same.Nguyen said that in the medium term, the growth of foundries around the world will be beneficial to easing dependence on Taiwan for chip production. Down the road, “we should see a healthier global ecosystem for semiconductor manufacturing and more supply chain options in where chips are produced and can be procured,” he said.
Broome, of the economic council, said he believes the Trump administration’s tariffs are aimed at restructuring global relationships. He said he hopes that “concludes quickly” because uncertainty over trade policy doesn’t favor the markets.“If the tariffs are used for leverage to get better agreements in the next two or three months, then we’ll come back quickly, and will benefit from it,” Broome said. “If they’re considered long-term policy, I think it’ll really ice the capital markets from putting real money on the table.”
SCARBOROUGH, Maine (AP) — An unusual May
is set to wallop New England on Thursday, providing a soaking before the Memorial Day holiday weekend with weather more commonly associated with fall and winter.Earlier this month, the government reported that U.S. employers added a
in April and the unemployment rate held at a historically healthy 4.2%.Many economists still anticipate that a negative impact from trade wars will materialize this year for American workers.
about 6,000 workers, nearly 3% of its workforce and its largest job cuts in more than two years.Other companies that have announced job cuts this year include