On June 17, Microsoft, Nintendo, and Sony Interactive Entertainment jointly submitted documents to the US Trade Representative Studio to jointly oppose the US government’s tariff policy of 25% on game consoles in Sino-US trade frictions.
The joint letter of the three companies pointed out that the United States imposes tariffs on goods imported from China (here, game machines and other related products), which will harm consumers’ interests, endanger employment and stifle innovation.
“Tariffs will seriously disrupt our company’s business and increase the cost that cannot be ignored, thus curbing the sales of game consoles and reducing market profitability.”
The game machine manufacturers quoted a report from the Trade Partnership Worldwide economic group: “If consumers continue to buy game consoles regardless of tariffs, consumers will pay 840 million more dollars (equivalent to about RMB). It is 5.78 billion yuan.”
The letter pointed out that 96% of the game consoles imported from the United States are made in China, because their internal hardware is not created by anyone. “Over the years, we have invested with partners of three companies to make game consoles.” The production chain has developed in China. If this supply chain is transferred to the United States or another country, it will cause serious problems.”