Current Events > Trump administration 25 percent tariff proposal targets U.S. video games systems

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The Trump administration is escalating the United States growing trade war with China, with hobby gaming now caught in the crossfire. A new document published by the Office of the United States Trade Representative lists thousands of goods categories that could be receiving new or revised tariffs in the amount of 25%.

On the list, buried between billiards and Christmas ornaments are a number of categories related to gaming, including video game consoles and machines, coin-operated arcade machines, and parts related to the operation of coin-operated arcade games.

The video game industry has already suffered a 10% tariff that impacts graphics card makers AMD and Nvidia. The Entertainment Software Agency (the lobbying body representing the video game industry) never weighed in publicly on the situation. Since then, the ESA has undergone leadership change, with Stanley Pierre-Louis taking over the president and CEO role after serving in that position on a temporary basis after previous head Mike Gallagher stepped down.

The video game industry boasts a trade surplus for the American economy, the organization told GameDaily via email. Tariffs will hurt the American economy, its industries, and its consumers.

This is a particularly sensitive time for the game industry, as all signs point to new consoles hitting the market in 2020. Sony has already hinted at its plans for PlayStation 5, and Microsoft is clearly gearing up with its focus on services like Game Pass, xCloud, and Play Anywhere. The two giants also recently announced a team-up for cloud services and AI technology development.

Video game consoles are typically sold as loss leaders (though Nintendo often shoots for break-even or profit pricing). However, an increase of 25% would upend pricing expectations among consumers, as manufacturers would likely look to recoup some of that additional expense.

https://finance.yahoo.com/news/trump-administration-25-percent-tariff-200300879.html

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I hope all you Trumpins are happy .
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wait our consoles are made in china and not giving US citizens jobs???
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thronedfire2 posted...

wait our consoles are made in china and not giving US citizens jobs???

I'm actually sure they're made in Japan so I'm not sure how theyre even effected by the tariffs.
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old news. i made a topic covering this 2 weeks ago
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thronedfire2 posted...

wait our consoles are made in china and not giving US citizens jobs???

Hahaha
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Duncanwii posted...

I'm actually sure they're made in Japan so I'm not sure how theyre even effected by the tariffs.

Nothing is made in one country and everything is affected by tariffs.

Gamers rise up
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