Based on a recent report from the Consumer Technology Association (CTA), as compiled by Trade Partnership Worldwide (TPW), there is a strong possibility that prices for game consoles might rise significantly in various market segments.
The report also predicts significant price hikes; smartphones might go up by 30.8%, while laptops, tablets, and computer accessories could see a rise of approximately 34% and 24.8% respectively, in addition to the possible console price surge of 69.4%.
The continuing trade dispute is a dynamic, unpredictable situation marked by responses, interruptions, and doubt. For instance, Razer has temporarily halted imports for new gadgets, while the price hikes for items like the Legion Go S and MSI Claw have been noticed.
Last week, the prices for both Xbox Series X and Xbox Series S saw a substantial increase. This rise in cost is so notable that the Xbox Series S now costs more than a PlayStation 5 Slim Digital, when comparing models offering the same storage capacity.
Given the fluctuating nature of tariffs, it’s challenging to establish definite price forecasts. The analysis is based on a hypothetical situation with these specific guidelines:
- The 90-day pause on reciprocal tariff ends, and reciprocal rates—ranging from 11 to 46%—are reinstated on all eligible products.
- 25% tariffs – but no reciprocal rates — are imposed on the products subject to the Section 232 investigation launched in the April 15 order.
- The 20% IEEPA tariff on China remains in place and stacks on top of the 125% on China, when applicable, or the 25% Section 232 tariff, leading to an effective 145% or 45% tariff on imports from China.
- The 25% IEEPA tariffs on products that do not claim duty free treatment under the U.S.-Mexico-Canada Agreement remain in place and stack on the Section 25% tariff, leading to an effective 50% tariff on non-USMCA claiming products subject to the investigation.
- The Section 301 tariff increase on lithium-ion batteries from 7.5% to 25%, announced by the Biden administration, takes effect as scheduled on January 1, 2026.
- Trading partners do not retaliate.
Although the specific details of the model might not materialize exactly as planned, it’s quite likely that we’ll witness something analogous in the upcoming months.
It appears that further price hikes for game consoles, while not necessarily reaching a 69% increase, seem plausible given the recent price rises of Xbox consoles.
It’s more than probable that tariffs on Chinese goods will cause the greatest economic ripple effects, potentially reaching up to a 145% rate for these items if all proposed measures are implemented.
A significant number of video game consoles, computers (laptops), tablets, and smartphones come from China. It’s challenging to identify any device category in the report that doesn’t involve products imported from China.
Regardless of where technology behemoths move their production lines, they’re likely to encounter tariffs.
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2025-05-08 20:58