A new set of government proposals could see consoles fans in the United States paying more than expected for the new PlayStation 5 and Xbox Project Scarlett systems.
rumors and speculation mount up, filling the void left by the official or any official confirmation of announcement.
However, these yet-to-be released consoles could cost considerably more than initially planned due to new economic plans from the United States that would impact the gaming and entertainment industry as a whole.
Sony will not be attending this year's E3 as the wait for the PS5 rolls on.
According to a report from GameDaily, a new tariff that has been proposed by the US government would see anything that isn't covered under the current set of tariffs given in hike. If the new proposal is accepted, all of the parts and products, including controllers and consoles, coming from China will face a 25% import tax – a huge increase over the current 10%.
While this may have been expected by some, the rise to 25% is somewhat surprising. Back in 2017, it was reported by Polygon that parts of the gaming industry would start to fall under new tariffs – yet, those projected percentages were much lower than the new ideas.
AMD and Nvidia, who have already incurred a 10% tariff on graphics cards, are expected to be behind the software in the new PlayStation and Xbox consoles and could see their prices increased in bid to recoup some costs.
Xbox is expected to announce its new console at E3 – however, the price could be set for a dramatic change.
Could these tariffs affect anyone else?
to be seen in the United States and China will get their trade dispute ironed out without affecting too much of the entertainment industry.
If it comes to pass, then most likely expect a price rise in many items that are imported, in some capacity, from China. However, it does not know what, if any, can have on consumers around the globe.