The Trump administration is threatening to increase Chinese export tariffs to $300 billion, and Sony is working to find a solution. As we reported previously, Sony, Microsoft, and Nintendo worked together to write a letter to the Trump administration, opposing the tariff increase, of which is supposed to raise console costs by 25% in the United States. Now, according to a Wall Street Journal report, Sony is warning its consumers that the cost of consoles may be passed on to them if the tariffs are expanded.
?We believe, and therefore have told the U.S. government, that higher tariffs would ultimately damage the U.S. economy,? said Hiroki Totoki, Sony?s Director of Financial Holdings. Although nothing has been set in stone with this proposition, it could very well be a real issue that arises in the United States.
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