New Tariffs May Lead Publishers To Abandon Physical Games, Says Analyst
When Donald Trump was running for reelection in 2024, he constantly spoke about his desire to add tariffs--or import taxes--on America's trading partners and rivals. Now, President Trump has gone through with that threat by imposing 25% tariffs on goods imported from Canada and Mexico, as well as an additional 10% tariff on goods from China. The Chinese tariffs are on top of the 10% tariff that Trump ordered on the country last month. Taken together, this new round of tariffs may spell trouble for physical video games, according to an industry analyst.
Circana's Mat Piscatella has shared his belief that physical video games that would be subject to these tariffs may simply not be made. Instead, publishers are likely to lean even harder on digital sales. Piscatella has previously written about the potential impact of these tariffs, while noting that manufacturing game discs in America isn't a viable option since physical sales have been declining for years.
During Trump's first term in office, the video game industry successfully lobbied his administration to exclude them from the tariffs he placed on Chinese goods. There was no carveout in Trump's newest round of tariffs. The Entertainment Software Association (ESA) issued a public statement earlier this month warning that these tariffs may have a devastating affect on all video game sales.
Continue Reading at GameSpot
Read more at GameSpot
-
Katamari Damacy Creator's New Game To A T Launches In May
Katamari Damacy creator Keita Takahashi has announced that his new game, To a T, launches on May 28 for PC, PS5, Xbox One, and Xbox Series X|S. It's also going to be included on Xbox Game Pass on ...GameSpot - Feb. 24 -
Metroid Dread Dev's New Game Is Blades Of Fire, Releases In May
It's been a long time since MercurySteam released an original game, but the studio behind Metroid: Samus Returns and Metroid Dread has finally revealed a first look at its upcoming dark fantasy ...GameSpot - 4d -
Buy Nike’s stock aggressively as new CEO’s playbook should work, analyst says
Jefferies’ Randal Konik sees 50% upside in the stock, as he effectively calls a bottom in earnings and investor sentiment.MarketWatch - Feb. 24 -
College basketball rankings: Dusty May leads Michigan into rivalry game vs. Michigan State for first time
The Wolverines take on the Spartans on Friday in a battle of top-15 teams in the CBS Sports Top 25 And 1CBS Sports - Feb. 21 -
What else can Canada and Mexico do to avoid Trump’s tariffs? America’s neighbors may slap new tariffs on China.
As traders worldwide wait to see if U.S. President Donald Trump once again holds off on putting new tariffs on Canada and Mexico, the head of the U.S. Treasury Department has highlighted one ...MarketWatch - 4d -
Acclaim Is Coming Back As Game Publisher Focused On Reviving Classic Franchises
Acclaim, an iconic game publisher from the 1990s behind series like NBA Jam , has been revived as an indie-game publisher.. Acclaim was founded in 1987 and made a name for itself in many ways. It ...GameSpot - 8h -
Acclaim Entertainment reborn as indie game publisher focused on original IP
Acclaim Entertainment, the legendary company published titles like Mortal Kombat in the 1980s and 1990s, is back as an indie game publisher.VentureBeat - 8h -
Economic worries may soon hit the airline industry, one analyst cautions
Airlines typically face uncertainties around fuel prices and economic strength, but investors are focusing on the latter.MarketWatch - 1d -
A former BlackRock exec is set to lead Germany. What analysts expect now.
Election results suggest a government could be formed between the main center-right and center-left parties.MarketWatch - Feb. 24 -
US tariffs on Canada and Mexico coming Tuesday but may not be 25%, commerce chief says
‘That is a fluid situation,’ Howard Lutnick says in first indication that administration may not impose full tariffs. Donald Trump ’s commerce secretary, Howard Lutnick, said on Sunday that US ...The Guardian - 2d -
Trump's new tariffs could hike car prices by $12,000, report says
Here's how new tariffs on Canada, Mexico and China could impact car prices for consumers, according to a new analysis.CBS News - 23h -
A buyout of Walgreens is supposed to boost the stock, but this analyst says sell
Deutsche Bank believes the hype over a Sycamore buyout and subsequent breakup has gone too far, and puts the deal at risk.MarketWatch - 4d -
U.S. ‘not abandoning Ukraine’ despite Trump-Zelenskyy clash, Speaker Johnson says
House Speaker Mike Johnson (R-La.) tells Meet the Press that the United States remains committed to its allies despite President Trump’s heated Oval Office exchange with Ukrainian President ...NBC News - 2d -
Hellblade 2 leads the way at Bafta Games Awards
Astro Bot, Still Wakes the Deep and Thank Goodness You're Here! complete a varied field this year.BBC News - 8h -
Trump Announces Inquiry That Could Lead to Tariffs on Copper
Tariffs, if they are imposed, could boost U.S. production of a valuable resource but also raise costs for automakers, construction companies and others.The New York Times - Feb. 25 -
Bezos says Washington Post won't publish op-eds that oppose 'free markets and personal liberties'
Billionaire Jeff Bezos is retooling The Washington Post's opinion section to focus on "free markets and personal liberties," saying the newspaper he owns will no longer publish op-eds that are not ...The Hill - 6d -
China is working on an enormous aircraft carrier that rivals the biggest in the U.S. fleet, analysts say
It already has the world’s largest navy, but new satellite imagery shows that China is developing a huge nuclear-powered aircraft carrier that would rival the biggest vessel in the American fleet, ...NBC News - 2d -
These safe haven currencies hold allure over the U.S. dollar amid Trump regime volatility, analysts say
Analysts are expecting to see shifts in currency valuations — with market watchers divided on which currencies they see as firm safe havens.CNBC - 8h -
Gear News of the Week: Skype Will Close for Good in May
Plus: The FDA clears Google’s Loss of Pulse feature on the Pixel Watch 3, Oura launches a pregnancy study, and Photoshop gets its first proper app.Wired - 3d -
Texas May Rename the New York Strip
The Texas strip? That state’s lieutenant governor wants to rebrand the cut, but New Yorkers aren’t biting.The New York Times - 19h -
Haider Ackermann Leads Tom Ford Into a New Era
The inside story of how Haider Ackermann came to be the man for the brand and what he has planned.The New York Times - 2d -
Tariffs an 'expensive game to play': Powerteam International CEO
Tariffs are going to be an "expensive game to play," Bill Walsh, CEO and founder of Powerteam International, said.The Hill - 7h -
Here's why Trump tariffs may raise your car insurance premiums
The Trump administration’s tariff policies may raise auto insurance premiums for motorists, according to a new Insurify analysis.NBC News - Feb. 24 -
Here's why Trump tariffs may raise your car insurance premiums
If they take effect, tariffs are expected to raise costs for auto insurers to repair or replace cars, meaning motorists pay higher premiums.CNBC - Feb. 24 -
HP Inc. was proactive about the impact of tariffs, and it may be paying off
HP Inc. has been proactive in dealing with the potential impact from looming tariffs on goods manufactured in China, including an ongoing shift of its manufacturing operations and purchasing more ...MarketWatch - 4d -
Semona leads Stonehill against Le Moyne after 24-point game
Le Moyne Dolphins (9-21, 4-11 NEC) at Stonehill Skyhawks (14-16, 6-9 NEC) South Easton, Massachusetts; Saturday, 4:30 p.m. EST BETMGM SPORTSBOOK LINE: Skyhawks -5.5; over/under is 146.5 BOTTOM ...ABC News - 3d -
Rain in Florida leads Tigers to cancel first spring home game since 2016, other games altered
The Detroit Tigers have canceled their first home spring training game since 2016 because of rain forecast to continue throughout the dayABC News - Feb. 24 -
Nvidia is biggest chip player. But it also leads by this metric — which may surprise you.
These 15 companies are expected to show the highest compound annual growth rates for revenue from calendar year 2024 through calendar year 2026.MarketWatch - 5d -
Trump’s FDA pick made his name by bashing the medical establishment. Soon he may be leading it
Food and Drug Administration nominee Dr. Marty Makary is known for his contrarian views and fiery criticism of traditional medical institutionsABC News - 8h -
Europe’s New Reality: Trump May Not Quit NATO, but He’s Already Undercutting It
European officials knew the president’s win would threaten the fundamental precepts of the post-World War II order. But the speed at which it is unraveling has created a crisis of enormous ...The New York Times - Feb. 20 -
How Nvidia's earnings news may impact your retirement fund
AI chip designer Nvidia's latest earnings announcement smashed expectations and it may reflect on your 401(k) retirement plans. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 5d -
Beijing embraces DeepSeek to lead AI adoption as it looks for new growth drivers
DeepSeek's rise came as a timely confidence boost as the Chinese leadership faces a prolonged economic gloom and a brewing trade war with U.S.CNBC - Feb. 21 -
Kate Hudson on taking the lead in Mindy Kaling's new comedy, "Running Point"
Kate Hudson stars as Isla Gordon, a reformed party girl stepping up to run her family's pro basketball team in "Running Point," the latest series from Mindy Kaling. She joins "CBS Mornings" to talk ...CBS News - 4d -
Play BBC Sport's new Champions League game
Welcome to Uefa Champions League Squares - the new BBC Sport game which you can play alongside the live match action.BBC News - 15h -
World's oldest runestone may have been signed by a woman, researchers say
A woman may have signed her name on the world's oldest dated runestone, researchers in Norway have found, as they piece together the 2,000-year-old puzzle.NBC News - Feb. 24 -
UK may have to leave human rights treaty, says Badenoch
The Conservative leader says international agreements must not stop the UK acting in its national interest.BBC News - Feb. 25 -
Trump says Zelenskyy may visit D.C. to sign rare minerals deal
President Trump said Ukrainian President Volodymyr Zelenskyy could visit Washington, D.C., soon to sign a rare minerals deal between the U.S. and Ukraine. CBS News' Ramy Inocencio has more.CBS News - Feb. 25 -
Apple boss says its diversity programmes may change
His comments came as shareholders rejected a call for the firm to consider ending its diversity practices.BBC News - Feb. 25 -
Deeper government cuts may include 65% reduction at EPA, Trump says
Surrounded by his cabinet, President Trump warned far deeper cuts are coming than the ones imposed so far, including potentially a 65% budget cut at the Environmental Protection Agency, which ...CBS News - 5d
More from GameSpot
-
Namco Is Celebrating Pac-Man's 45th Anniversary With Live Events, Museum Exhibits, And More
There were video games and arcade hits before Pac-Man, but Namco's ghost-gobbling hero quickly became a pop-culture icon after his debut in May 1980. Pac-Man's 45th anniversary is now just over two ...GameSpot - 14m -
New Hunger Games Deluxe Book Box Set Is 50% Off Ahead Of Fifth Novel's Release
Hunger Games Deluxe Box Set (Paperback) $36.76 (was ...GameSpot - 31m -
Magic: The Gathering's Final Fantasy Set Is An Expansion Four Years In The Making
Two years ago, Wizards of the Coast and Square Enix announced a collaboration that would bring the worlds and characters of Final Fantasy to Magic: The Gathering, the tabletop card game juggernaut. ...GameSpot - 1h -
New Destiny 2 PvP Mode Heavy Metal Lets You Finally Pilot A Brig
During its developer livestream on March 4, Bungie announced a brand-new, limited-time PvP mode called Heavy Metal coming to Destiny 2 in Heresy Act 3.. While details were limited, we did get to ...GameSpot - 1h -
Tony Hawk's Pro Skater 3 + 4 Preorders Are Live - Collector's Edition Includes Skateboard
Tony Hawk's Pro Skater 3+4 Standard Edition $50 | Releases July ...GameSpot - 2h
More in Tech
-
Namco Is Celebrating Pac-Man's 45th Anniversary With Live Events, Museum Exhibits, And More
There were video games and arcade hits before Pac-Man, but Namco's ghost-gobbling hero quickly became a pop-culture icon after his debut in May 1980. Pac-Man's 45th anniversary is now just over two ...GameSpot - 14m -
7 Tesla Charging Stations Torched Near Boston
The fires, which the police said were intentionally set, are the latest in a series of attacks against Elon Musk’s company.The New York Times - 24m -
New Hunger Games Deluxe Book Box Set Is 50% Off Ahead Of Fifth Novel's Release
Hunger Games Deluxe Box Set (Paperback) $36.76 (was ...GameSpot - 31m -
Magic: The Gathering's Final Fantasy Set Is An Expansion Four Years In The Making
Two years ago, Wizards of the Coast and Square Enix announced a collaboration that would bring the worlds and characters of Final Fantasy to Magic: The Gathering, the tabletop card game juggernaut. ...GameSpot - 1h -
New Destiny 2 PvP Mode Heavy Metal Lets You Finally Pilot A Brig
During its developer livestream on March 4, Bungie announced a brand-new, limited-time PvP mode called Heavy Metal coming to Destiny 2 in Heresy Act 3.. While details were limited, we did get to ...GameSpot - 1h