President Donald Trump’s turbulent tariff rollout and subsequent pullback have rattled the stock market and confused economists and business leaders. While some of the most intense tariffs are officially under a 90-day pause, a 10% tariff on most imports is still in effect, as is a hefty 145% import tariff on Chinese goods. The semiconductor industry has so far avoided the impact of tariffs, which is great news for artificial intelligence leader Nvidia (NASDAQ: NVDA).