When Donald Trump announced plans to place a 25% import tax on products produced in China, one of the biggest concerns from the gaming community was how this would affect the upcoming prices of the next-generation console releases.
With all three major companies writing to the US government urging a deal to be struck, Sony said that any extra cost through the tax would likely have to be passed onto the consumer.
There is, however, good news! Following a new trade deal being agreed between America and China, it seems that consoles will not be subject to any ‘import tax’ price hike! In other words, they’re going to sell in America for the intended price!
In a report via TechSpot, the “Phase One” agreement which has been reached will effectively see the proposed 25% import tax proposals halted. At least indefinitely, but hopefully permanently.
As such, with the tax no longer coming into effect, it means that the major console manufacturers (who largely produce their systems in China) will not have to add the cost to their overall system prices. A factor that could’ve turned an already notable expense into an outright unaffordable one!
We suspected that, sooner or later, a deal was always going to be made. Just how bad would this have been if the agreement hadn’t been reached though? Well, assuming that a PS5 was going to retail for $500 (which it may well do), the increase would’ve seen that price bumped up to at least $625.00. Quite the notable jump for what would purely be a tax expense!
So, the good news is that you can all breathe a sigh of relief. Common sense has prevailed and now all we need to hear is how much they are going to cost!
What do you think? Are you pleased that a deal has been made? Which console are you planning on getting? – Let us know in the comments!
LIVE THE HORROR: An immersive disaster story aboard a stunningly realised North Sea oil rig,…
The Philips VA LED display uses an advanced multi-domain vertical alignment technology that gives you…
【TFT Screen: The Interactive Interface】This 75% mechanical keyboard comes equipped with a TFT Screen, serving…
FANDOM FUSION Play as your favorite characters and wield their unique weapons and skills. Team…
The Definitive Version of Shin Megami Tensei V - Fully evolved with stunning visuals for…
【Unique Split Design】5200mAh hand warmers rechargeable together with double-sided heating function, split snap swivel design,…