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TOKYO— Sony Corp. SNE 4.39% said it would need to raise U.S. retail prices of its PlayStation consoles if the Trump administration goes ahead with a higher tariff on Chinese-made videogame machines, warning such a move would hurt consumers.
Contract manufacturers in China account for most PlayStation production.
“We believe, and therefore have told the U.S. government, that higher tariffs would ultimately damage the U.S. economy,” Sony finance chief Hiroki Totoki said Tuesday.
The U.S. and China are resuming talks this week to resolve their trade conflict.
In May, President Trump increased import tariffs on $200 billion of Chinese goods to 25% from 10%. He has threatened to place the tariff on an additional $300 billion of Chinese exports, including PlayStation consoles, if negotiations with Beijing fall apart.
www.wsj.com
This article is behind a paywall.
Contract manufacturers in China account for most PlayStation production.
“We believe, and therefore have told the U.S. government, that higher tariffs would ultimately damage the U.S. economy,” Sony finance chief Hiroki Totoki said Tuesday.
The U.S. and China are resuming talks this week to resolve their trade conflict.
In May, President Trump increased import tariffs on $200 billion of Chinese goods to 25% from 10%. He has threatened to place the tariff on an additional $300 billion of Chinese exports, including PlayStation consoles, if negotiations with Beijing fall apart.
Sony Warns of PlayStation Price Rise if U.S. Expands China Tariffs
Sony said it would need to raise retail prices of its PlayStation consoles if the U.S. government goes ahead with a higher tariff on Chinese-made videogame machines, warning Washington such a move would hurt U.S. consumers.
www.wsj.com
This article is behind a paywall.
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