How Trump’s Trade Tariffs Will Affect You If You’re a Gamer

On Monday, January 23rd, President Trump signed an executive order to pull out of the Trans-Pacific Partnership, which had been the signature trade deal of former president Barrack Obama. This act confirmed the seriousness with which the new president is taking his stance against foreign competitors, and The Entertainment Software Association has taken note. 

A recent Polygon article reports that the ESA is currently, “Formulating a plan to deal with the possibility of U.S. President Donald Trump rolling out trade tariffs.” Imposed tax tariffs would make imported goods (such as the highly anticipated Nintendo Switch) more expensive, in order to encourage people to buy goods that are made in the United States.

How much more expensive? That remains to be seen. Although in December of 2016, CNN revealed that Trump’s transition team had been deliberating imposing tariffs as high as 10%.  Washington players have warned the Trump administration that such a move could cause a backlash and and lead to eventual trade war.

Polygon’s source at ESA told the site, “We are looking into the issue and can provide more information shortly.”

2 thoughts on “How Trump’s Trade Tariffs Will Affect You If You’re a Gamer

  1. The Orange Menace strikes again… Luckily, big businesses in the US are pushing back against the TPP and NAFTA executive orders (especially NAFTA, which is the one that affects goods from China and Mexico, if I remember correctly), so hopefully things won’t wind up completely out of hand…

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s