Microsoft, Nintendo, Sony say China tariffs will cost shoppers $840M this holiday season [USA TODAY]
NINTENDO CO LTD UNSP/ADR (NTDOY)
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Source: USA TODAY
Microsoft, Nintendo, Sony say China tariffs will cost shoppers $840M this holiday season CLOSE American businesses are telling the Trump administration that an escalating trade war with China will hurt the U.S. economy. This comes as public hearings are being held to consider extending the 25% tariffs to practically all Chinese imports. (June 17) AP, AP CONNECT TWEET LINKEDIN COMMENT EMAIL MORE No good news for gamers from the elf on store shelves. Tariffs on imports from China Microsoft, Nintendo and Sony, in a letter to the U.S. Trade Representative's Office dated June 17, wrote that tariffs could price an Xbox, Switch or PlayStation "out of reach for many American families." Those shoppers who do buy a new game system will collectively pay $840 million more this holiday season than they would have had tariffs not been imposed, the companies say, citing a study from the independent economic group Trade Partnership for the Consumer nology Association Got milk?: Study finds residue of
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