Sony Warns PlayStation Consoles Might Get More Expensive if the Trade War Continues

If the US-China trade war continues to escalate, consumers could soon find themselves paying more for PlayStations. From a report: As with other electronics giants, Sony manufacturers most of its consoles in China, with the company warning that if a new round of higher tariffs goes into effect the price for its game console may go up. “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 chief financial officer, according to The Wall Street Journal. Totoki added that the company hasn’t decided yet how it would handle additional tariffs but said that it may have consumers share some of the cost. In May President Trump raised US import tariffs on $200 billion of Chinese goods from 10% to 25%, threatening to place additional tariffs on another $300 billion of Chinese exports which would include video games. The US and China resumed trade talks Tuesday.