Popular imported video game consoles like the PlayStation 5 Pro could become 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. Tariffs are paid by the importer — in this case, US companies — and the cost of these taxes could be passed along to us in the form of higher prices.
If you were hoping to snag a PS5 Pro within the next year, does that mean you’ll pay more post-tariffs? Experts say it’s hard to know for sure, but based on historical context, increases in prices are likely. If enacted, Trump’s tariff plan could raise 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.
Would it be cheaper to buy the PS5 Pro now, even if you don’t have the money upfront? As a personal finance writer, my gut told me no. I worried that what you’d pay in credit card interest charges would cost you far more than a potential $280 price hike. To see if the numbers backed my theory, I spoke to different experts and researched various buying options. Here’s what I found out.
Why would Trump’s tariffs increase the PS5 Pro’s price?
If Trump enacts his proposed tariffs, 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.
PlayStation 5 Pro: Buy Now or Pay Tariffs Later? Here’s How Much It Costs to Finance the Gaming Console
