Console manufacturers seem to finally be able to breathe calmly after it became known that tensions between China and the United States have somewhat eased. About this writes the publication Gamesindustry.biz with reference to a recent agreement between the US President Donald Trump and Vice Premier of the State Council of China Liu He.
By given The BBC, for an indefinite period of time, a number of trading tariffs were withdrawn from consideration. Among them was the previously proposed 25% import duty on the import of consoles into the country, the vast majority of which are made in China. According to Sony, Microsoft and Nintendo, More than 96% of consoles imported to the United States in 2018 came from China.
As previously reported, in response to this threat, the aforementioned platform holders previously reduced the production of consoles in the Middle Kingdom.
Amid the upcoming release of next-generation consoles, Playstation 5 and Xbox Series X, this news was timely for both manufacturers and buyers.
The introduction of new tariffs has been considered since last May. This proposal then caused concern among the platform owners. Nintendo, Microsoft and Sony even have written joint letter stating that tariffs will inflict on industry “crushing damage”. Fortunately, new trading tariffs were delayed and not accepted.
At the moment, the imminent threat has been temporarily eliminated, but this agreement can in no way be considered as a complete end to the period of tension between the two countries, since the United States still imposes tariff restrictions on two-thirds of Chinese imports.
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