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Trump's new tariff proposals include a 25% tax on video game consoles

Forums - Gaming Discussion - Trump's new tariff proposals include a 25% tax on video game consoles

The United States and China have been engaging in intense trade negotiations for quite some time now. Both sides have attempted to get the upper hand by raising tariffs on the other, and the situation is still escalating. Unfortunately, there’s a very real chance that the video game industry will be caught in the crossfire. The Office of the United States Trade Representative has just published the list of newly-proposed import taxes. The list comes at the behest of United States President Donald Trump.  A quick search reveals that video game consoles are on the list.

Nintendo, Microsoft, and Sony all manufacture many of their products in Chinese plants. If these new tariffs pass, all of those parts will be hit with a 25% import tax. The current price is 10%, so that’s a pretty steep increase. Gamers could end up paying the price in the form of more expensive consoles and computer parts. 

The Entertainment Software Association has weighed in, expressing their disapproval.

"The video game industry boasts a trade surplus for the American economy. Tariffs will hurt the American economy, its industries, and its consumers."

https://www.nintendoenthusiast.com/2019/05/23/trumps-new-tariff-proposals-include-a-25-tax-on-video-game-consoles/

Last edited by walterbates - on 24 May 2019

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I don't like taxes, and I hate it on the products I buy and money I make.



duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"

http://gamrconnect.vgchartz.com/post.php?id=8808363

Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"

http://gamrconnect.vgchartz.com/post.php?id=9008994

Well there aren't many products left to threaten tariffs. He said he wanted tariffs on all products and we are about to get there. In a full blown trade war now. I'm going to take half my money out of 401k with loan because here comes the correction. Plus I will prob die before retirement. I plan on working till I die



It's like he's going out of his way to make himself as hated as possible, even shaking hands with the communist cunt who banned Winnie the Pooh.



Some days I just blow up.

Make America pay again



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Yikes, get your Switches now folks, and if you are getting the PS5 or NextBox...I pray for your wallets.



yea, saw that one coming from a mile away

next gen might be 500€ for us euro-poors and $600+ in glorious freedom land



Lafiel said:
yea, saw that one coming from a mile away

next gen might be 500€ for us euro-poors and $600+ in glorious freedom land

Glory to the Peoples Republic of Trump.



Some days I just blow up.

sethnintendo said:
Well there aren't many products left to threaten tariffs. He said he wanted tariffs on all products and we are about to get there. In a full blown trade war now. I'm going to take half my money out of 401k with loan because here comes the correction. Plus I will prob die before retirement. I plan on working till I die

! You know, in some ways, you and I are very different people.

On topic:

Well, this is kinda crappy news for Americans who buy things. Video games now too? Of course, dumb-dumb actually thinks that China is going be paying the US directly with these tariffs. Just like dumb-dumb thinks the USMCA deal is going to see Mexico directly paying for his shit-for-brains wall. He's the worst. Only Hilary Clinton had the capacity to be a more terrible president, and she probably would have been. I have no doubt that had she won, that we would be years into a war, fighting against the robots in the trenches.



Chinese food for breakfast

                                                                                 

Conina said:
Make Americans pay again

Fixed that for you