To make things even more confusing and uncertain, Secretary of Commerce Howard Lutnick spoke about ABC on Sunday. this week Individual tariffs on electronics are on the way and are expected to unfold “in a month or two.” Electronics on the exemption list released on Friday will be subject to a 20% tariff, not a total of 145% tariff on Chinese imports. Similarly, components used in video game consoles are exempt from larger tariffs, but face 20% tariffs, which apply to all Chinese imports. That number could change according to Lutnick’s comments on upcoming semiconductor tariffs.
But beyond Nintendo, other console manufacturers face tough pricing decisions in the face of Trump tariffs. If tariffs remain at 125% for Chinese-made products, Microsoft and Sony consoles could rise in price. In fact, Sony announced on Monday that price increases for PlayStation 5 consoles in Europe, the UK, Australia and New Zealand. The rate at which tariffs are changing also creates an increase in market uncertainty.
