Imported video game consoles like the PS5 Pro could get more expensive next year if President-elect Donald Trump’s proposed tariffs are implemented — and gamers are worried.
During his 2024 campaign, Trump promised tariffs of up to 20% on all imported goods and 60% on goods from China. However, tariffs are paid by the importer — in this case, US companies — and the cost of these taxes could be passed along to Americans in the form of higher prices.
Does this mean imported gaming consoles like the PS5 Pro could cost more in the near future? It’s hard to say for sure, but based on historical context, most experts do expect price increases from these tariffs. If enacted, Trump’s tariff plan could increase the cost of video game consoles by 40% on average, a study by the Consumer Technology Association, the company that puts on CES, found. That means the PlayStation 5 Pro could see a steep price jump from $700 to $980.
Does it make sense to buy the PS5 Pro now, even if you don’t have the money upfront, to avoid a higher price tag in the future? After writing about credit cards for years, I worried that what you’d pay in interest charges could cost you far more than a potential $280 price hike. So, I spoke to other experts and dug into different buying options to see if the numbers backed up my theory. Here’s what I learned.
Will Trump’s tariffs increase the PS5 Pro’s price?
If Trump implements the tariffs he’s proposed, it’s possible that the PS5 Pro could end up costing around $980, based on the CTA’s data.
But the reality could be more complicated.
Trump Tariffs Could Raise the PlayStation 5 Pro Price by 40%. I Analyzed Four Ways to Finance It Now
