Shares of Micron Technology (MU) are soaring 6.68% in pre-market trading on Tuesday, following reports that the company plans to impose a tariff-related surcharge on some of its products. This strategic move comes in response to recent tariff announcements by U.S. President Donald Trump, which have sent shockwaves through global markets.

According to sources familiar with the matter, Micron has notified its U.S. customers, including major tech companies like Apple, that it will implement a surcharge on certain products starting April 9. While semiconductors, which make up part of Micron's portfolio, were exempted from Trump's latest tariffs, the new levies do apply to memory modules and solid-state drives (SSDs). By passing on these increased costs to customers, Micron appears to be taking proactive steps to protect its profit margins in a challenging trade environment.

Investors are reacting positively to this development, viewing it as a smart strategy to mitigate the potential negative impact of tariffs on Micron's bottom line. This surge in stock price is particularly noteworthy given that Micron's shares had fallen approximately 19% year-to-date prior to this announcement. The market's enthusiastic response suggests a potential turning point for the company, as it demonstrates its ability to adapt to changing market conditions and maintain its financial resilience amid ongoing trade tensions.