PS4, Xbox One And Nintendo Switch Are Safe From Trump's Tariffs...For Now
Sony, Nintendo and Microsoft likely breathed a sigh of collective relief this morning alongside the broader market. The Trump Administration today announced new exemptions from a list of Chinese-manufactured items scheduled to receive a 10% import tax, delaying tariffs on those items until December 15. That list includes a number of gaming-related categories, including video game consoles like the PlayStation 4, Xbox One and Nintendo Switch.
"Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent." reads an announcement from the Office of the United States Trade Representative this morning.
"Further, as part of USTR’s public comment and hearing process, it was determined that the tariff should be delayed to December 15 for certain articles. Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing."
Thoughts and feelings.