On the same day Nintendo revealed the Switch 2, President Donald Trump also unveiled his list of tariffs on countries the U.S. trades with. This led Nintendo to delay preorders in the U.S., although it did make them available a short time later.

Nintendo Co. projected weaker-than-expected initial sales of the Switch 2, a reflection of how uncertainty around US tariffs is weighing even on a company fielding record-setting demand.

Nintendo is throwing some cold water on Switch 2 sales estimates even though launch demand seems to be off the charts.