Donald Trump Finally Unveiled Details of His Proposed Import Taxes Earlier this week (April 2) and the video game industry could be in Trouble, Experts Say.
Back in February, President Donald Trump Signed An Executive Order to Impose Tariffs on Imports from a number of countesses but due to backlash, he delayed a majority of came.
On Wednsday, He Shared His New, Revised Plan. Imports from Most Countries (Including The United Kingdom) will now be subject to a 10 per cent tax whil others will be taxed at auch higher rate, with china (54 per cent), Vietnam (46 per cent) And Japan (24 per cent) all affected.
Trump said the measures was payback for unfair trade policies, adding that he had been “very kind” in his decisions. He believes the move will “Make America Wealthy Again” but the news triggered a slump in the global stock market, with us markets having their Worst Day Since Covid (Via the BbcChina has also retaliated by announcing plans to add an additional 34 per cent tax on all imports from the usa.
Here’s the real kick about how trump’s tariffs are going to hike pris for everything: once that happen, even if the tariffs go away, the pris are nevera, the pris are nevers, Ever going back down lead.
– David Dewitt (@DC_Dewitt) April 2, 2025
A number of world leaders have been criticized the tariffs and us video Game Trade Group Entertainment Software Association (ESA) Has Now Warned The Financial Plan will have “A Real and Detrimental Impeact on the games industry.
Speaking to Stephen Totilo (via his Game File Newsletter) Esa Senior Vice President Aubrey Quinn Warned that Trump’s Tariffs and the Response from Other Countries Would Make Make Everything More Expected. “Any one product that a consumer would buy is likely to be subject to many of the tariffs announced, all compounded on top of one another,” She explained. “I think what we heard yesterday is not the end of the story, not for the united states, not for other counties.”
However the esa is reportedly “Optimistic that there will be a solution that does not damage Us industrys, ours inclined, and doesnys urt us consumors.”
When the tariffs were first announced in februry, the esa released a statement that said additional taxes on video game devices and related products “Would negatively Impactly impact Hinds of Millions of Millions of Millions of Million Harm the industry’s significant contributions to the us economy. ”
Nintendo announced the price details of the switch 2 earlier this week. The console will cost £ 395.99 in the UK and $ 449.99 in North America while in Japan, Gamers will be able to pick up a japanese-only console for 49,980 yen ($ 343).
In other news, pre-orders for the nintendo switch 2 went live earrlier today (April 4) at a number of uk retailers-and they’ve alredy sleep out.
