05-29-2019, 04:28 AM
5-28-2019
U.S. to place 25% Tariff on Game Consoles
The Trump administration's escalating trade dispute with China could have a significant impact on gaming in the near future. The Office of the United States Trade Representative has proposed a tariff of up to 25% on a wide array of products imported from China.
The US has been raising tariffs on Chinese goods in waves since the middle of last year. The newly proposed product list is the largest yet, representing an approximate annual trade value of $300 billion.
The USTR says it covers "essentially all" products not already covered by previous tariffs, apart from a select few categories like pharmaceuticals, medical goods, and rare earth minerals.
The extensive list of affected product categories includes video game consoles, game controllers, and coin-op arcade games.
U.S. to place 25% Tariff on Game Consoles
The Trump administration's escalating trade dispute with China could have a significant impact on gaming in the near future. The Office of the United States Trade Representative has proposed a tariff of up to 25% on a wide array of products imported from China.
The US has been raising tariffs on Chinese goods in waves since the middle of last year. The newly proposed product list is the largest yet, representing an approximate annual trade value of $300 billion.
The USTR says it covers "essentially all" products not already covered by previous tariffs, apart from a select few categories like pharmaceuticals, medical goods, and rare earth minerals.
The extensive list of affected product categories includes video game consoles, game controllers, and coin-op arcade games.