You probably didn’t felt the impact of the ongoing tariff wars between the United States and China. However, the impact has a rippling effect that is taking effect on several major industries such as DJI that recently raised its price of Smart Controller for Mavic 2 drones as a way to pass on the cost to consumers.
According to a recent report by the Wall Street Journal, Sony CFO Hiroki Totoki said that the retail price of PS4 and PS5 might rise if the United States government continues to impose high tariff on Chinese-made machines. The following statement regarding to the potential tariff led to a belief that higher tariff will ultimately damage the U.S economy.
Since President Trump increased the import tariffs from 10% to 25% on $200 billion worth of Chinese goods in May. The White House is now considering placing an additional tariff on $300 billion worth of Chinese exports which happened to include PlayStation Consoles. Not so recently, Sony teamed up with Microsoft and Nintendo to send a message to the U.S government in an effort to fight back against the tariff.
Talks between the U.S and China is expected to pick up again later this week. Even though Totoki admitted that tariff hasn’t affected the company that much, but says that the company wants to “remain vigilant”. Sony has yet to decide how the company will response to the rising tariff if it gets pass. Asking the consumers to pass on the cost is also another option under consideration.
This is especially important issue because Sony is expected to release PlayStation 5, which features major upgrades over its predecessor. It is likely to set a launch price tag approximately $500 without including tariffs. What is your thoughts and views about the ongoing trade wars between U.S and China that potentially affects the consumers’ ability to get their hands on these gaming consoles such as PS4 and PS5? Share with us by commenting below.