With tariffs by the US set to take effect on Tuesday, the Entertainment Software Association (ESA) expressed concern about how they may affect the video game industry. In a statement on its website<\/a>, the ESA warned that import taxes on gaming devices would “negatively impact hundreds of millions of Americans.”<\/p>\n The ESA, the trade association representing most of the major publishers in gaming, said that tariffs would “harm the [game] industry\u2019s significant contributions to the US economy.” The ESA ended the statement by saying it was looking forward to “working with the [Trump] Administration and Congress to find ways to sustain the economic growth” supported by the game industry. According to the ESA, total video game sales in the US reached $58.7 billion in 2024<\/a>.<\/p>\n The US government is set to enact import taxes on Canada and China at 12 AM ET on February 4. Canada faces a 25% tariff on products imported to the US, while China, where technology products, including video game consoles, are manufactured, is looking at a 10% tariff. The Trump administration initially targeted Mexico, a hotspot for video game disc production, with a 25% import tax, but Trump agreed on Tuesday to halt planned tariffs on Mexico<\/a> for a month. All three countries have announced their own countermeasures, including retaliatory tariffs against the US<\/a>.<\/p>\n Trump also expressed intentions to enact tariffs on computer chips, a plan he still appeared keen on pursuing even after meeting with Nvidia CEO<\/a> Jensen Huang on Friday. On Monday morning, stocks for Nvidia<\/a>, which designs and supplies graphics cards, fell as potential tariffs loomed over tech companies.<\/p>\n The tangible effect of tariffs on video game products<\/a> is currently unknown, but Circana analyst Mat Piscatella predicted that prices for games<\/a>–both in physical and digital formats–could rise as a result.<\/p>\n<\/p><\/div>\n Got a news tip or want to contact us directly? Email ne**<\/span>@******<\/span>ot.com<\/span><\/a><\/i><\/p>\n<\/p><\/div>\n<\/section>\n