Source: The Daily Economy
by Alex Rosado
“In early April, President Donald Trump announced sweeping tariffs in part of his greater protectionist economic policy. Included was a baseline 10 percent tariff on nearly all imports, with major manufacturing hubs for gaming hardware such as China, Vietnam, and Japan now facing rates of up to 145 percent, 34 percent, and 24 percent, respectively. As Asian suppliers exported $23.6 billion or 75.5 percent of the global total of video games in 2023, the international video game market is bracing for impact. So far, the shocks have prompted adjustments from video game companies and outcries from fans. As the largest entertainment sector, millions of customers would feel any downturn in the international video game market. The Trump administration must calibrate its approach to ensure it isn’t game over.” (04/29/25)
https://thedailyeconomy.org/article/video-game-industry-reeling-from-us-trade-crackdown/