Trump’s plan to impose tariffs on hundreds of billions of dollars worth of Chinese products is expected to affect the prices of many consumer goods, one of which may be game consoles. The three major console companies wrote to the U.S. Trade Representative’s office against adding games to the list of products subject to tariffs. The three companies said in a statement that imposing tariffs on game consoles could stifle innovation and hurt the game ecosystem, including jobs, consumers, game developers and retailers.
The three companies warned that 96% of video game consoles were made in China last year and that reconfiguring the entire supply chain would cost a lot of money. “A 25% price increase could prevent many American families from accessing new video game consoles.” In the public documents submitted, the signatures of three companies are also attached:
The Office of the United States Trade Representative held a seven-day hearing to hear the views of U.S. retailers, manufacturers and other businesses on Trump’s intention to impose tariffs on another $300 billion of Chinese imports to the United States.
In view of this, in today’s global economic integration, global manufacturers have long been a community of interests, affecting the whole body, one party’s interests are hit, many will be affected. Otherwise, former rivals Sony, Microsoft and Nintendo would not be “in the same boat” now, standing on the United front. It also proves that there are no permanent enemies, only common interests.