Sony to increase the price of the PS Console in the US if China Tariffs Expand
Sony's PlayStation Business may hit a roadblock with further consequences on the potential buyers
Sony Corp has discovered that it will probably increase the retail prices of PlayStation consoles in the US. If the US government decides to raise the taxes on the Chinese video game machines, customers may witness difficulties in acquiring their most beloved entertainment device coming from the Chinese Region.
In a recent statement to wsj.com, Hiroki Totoki stated that higher tariffs would damage the U.S. economy, unlike the Chinese revenue.
“We believe, and therefore have told the U.S. government, that higher tariffs would ultimately damage the U.S. economy,” said the company’s chief financial officer, Hiroki Totoki.
Currently, the two countries are still in consultations about the trade conflict, with a previously submitted letter to the U.S. Trade Representative regarding the matter.
President Trump believes there’s room to increase tariffs to $300 billion of Chinese exports, in which the PlayStation consoles also belong. Sony doesn’t have any particular response on the due taxes or whether or not they will be forced.
However, if this becomes an issue, then the consumers in the US may face the rougher side of the story. This will probably resolve with an inflation of the current prices on some of the Chinese devices such as the PlayStation console. Knowing that the next-gen console will include even more expensive technology, it may push customers to wear part of the burden.