zddgame
/
Gaming News
/
Trump Tariffs Could Raise Game Consoles Prices In The US
Trump Tariffs Could Raise Game Consoles Prices In The US-October 2024
Oct 19, 2024 6:21 AM

  Tensions between the United States and China have been escalating in recent months due to the countries' ongoing trade war, and the price of game consoles and accessories could be affected as a result. GameDaily reports that the Office of the United States Trade Representative has proposed implementing a 25% tariff on more goods imported from China, including video game consoles, controllers, and even board games like chess and checkers.

  Tariffs are effectively taxes paid by domestic companies. To offset these expenses, companies often raise the prices of products affected by tariffs, passing the cost onto consumers who end up paying more for certain items. While game consoles would be swept up in the last wave of tariffs, they are far from the only products that would be affected; thousands of goods manufactured in China would be subject to the tariff.

  You need a javascript enabled browser to watch videos.

  Click To Unmute

  Thompson: The Pop Culture Icon’s Strange Legacy - Loadout

  Firearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerHistory of Gears of WarThe History of Resident EvilThe History of Mass EffectThe History of Quake

  Share

  LinkEmbed

  Size:640 × 360480 × 270

  Start at: End at: Autoplay Loop

  Want us to remember this setting for all your devices?

  Sign up or Sign in now!

  Please use a html5 video capable browser to watch videos.

  This video has an invalid file format.

  00:00:00

  HTML5

  Auto HD High Low

  Report a problem

  Sorry, but you can't access this content!

  

Please enter your date of birth to view this video
JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember12345678910111213141516171819202122232425262728293031Year2023202220212020201920182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933193219311930192919281927192619251924192319221921192019191918191719161915191419131912191119101909190819071906190519041903190219011900

  By clicking 'enter', you agree to GameSpot's

  Terms of Use and Privacy Policy

  enter

  Now Playing: The History Of E3

  This certainly isn't the first instance where the Trump administration's hardline stance against China has had negative repercussions for the video game industry. The US already imposes a 10% tariff that affects some Nvidia and AMD graphic cards manufactured in China. If the new tariff is implemented, it could cause console makers to increase the prices of their systems in order to recoup the added expense.

  The news comes just as the video game industry is gearing up for a new generation of consoles. Sony has in recent weeks been revealing details about its next-generation PlayStation, while Microsoft is known to be working on a next-gen Xbox, which rumors suggest could be unveiled at E3 2019. New video game consoles already carry a fairly hefty price tag, and that price could only rise if the new tariff is indeed imposed.

  The United States Trade Representative will hold public hearings about the proposed tariff on June 17, shortly after E3 2019 ends. The result of those hearings will determine whether or not the tariff is implemented. If the USTR does go through with the tariff, it could go into effect as soon as June 24, according to GameDaily.

Comments
Welcome to zddgame comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Copyright 2023-2024 - www.zddgame.com All Rights Reserved