Nintendo, Microsoft, and Sony Say Trump’s Tariffs Will Make Consoles Cost More

Sony, Microsoft, and Nintendo have written a joint letter to the Trump administration, warning the government that its looming tariffs on Chinese goods will dramatically harm the video game industry and its employees. The companies also argued that the 25 percent tariff hike would result in US consumers paying $840 million more for game consoles.

“While we appreciate the Administration’s efforts to protect U.S. intellectual property and preserve U.S. high-tech leadership, the disproportionate harm caused by these tariffs to U.S. consumers and businesses will undermine—not advance—these goals,” the companies said in the letter.

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Damn, it’s almost as if capitalism will always, inevitably, cannibalize itself.