Sony hikes PlayStation 5 price by 25% as Trump tariffs bite
PS5 digital price in UK would rise to £430 and €500 in Europe as Japanese games developer cites ‘challenging economic environment’
Sony has increased the price of its PlayStation 5 by 25% as the video game industry reels from the impact of Donald Trump’s tariffs.
The Japanese game developer said it had made the “tough decision” to raise the price of the console’s digital edition to £429.99 in the UK and €499.99 in Europe, starting from Monday. There will be no price change for the standard PS5, which comes with a disc drive.
UAE’s Sidara bids £242mn for Wood Group after offering £1.5bn last year
Offer underlines scale of fall in UK-listed group’s value as accounting and governance issues mount
‘The sky won’t fall’: China plays down Trump tariff risks
Chinese customs official says country has diversified trade away from US in recent years
China has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.
The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua.
Global stocks lifted by US reprieve for Trump’s tech tariffs
President suggests need for ‘flexibility’ but insists smartphone carve-out is temporary