Consoles Imported Into the US from China Could Get Much More Expensive as the US-China Trade War Rages On
The Trump administration continued its trade war with China last Monday as it proposed to implement a 25% tariff on products imported from China with an annual trade value of $300 billion. Notably, one of the targeted products in the proposal were videogame consoles.
If the tariff is approved then console manufacturers could raise the cost of game consoles as a way to deal with the additional cost that the tariff will bring.
In a statement to GameDaily.biz, the Entertainment Software Association (ESA), a U.S. association that represents the country’s videogame industry, came out against the tariff proposal.
“The video game industry boasts a trade surplus for the American economy,” the ESA’s statement read. “Tariffs will hurt the American economy, its industries, and its consumers.”
A public hearing for the tariff proposal will be held in Washington D.C. on June 17th and the tariff could go into effect on June 24th. However, President Trump said last Monday that he hasn’t “made [a] decision yet” about whether to approve this tariff proposal or not.
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