The Financial News

The Financial News

Trump tariffs shift drastically where video game consoles come from


Millions of holiday shoppers across America are filling their baskets with pricey video game consoles, likely unaware of a seismic supply-chain shift that’s done away with the familiar “Made in China” label. Instead, for most consoles sold this year — from Sony Group Corp.’s PlayStation, to Xboxes from Microsoft Corp., and this season’s hot-ticket item, Nintendo Co.’s Switch 2 — the packaging now likely reads “Made in Vietnam.”

Few industries have seen a more dramatic and rapid realignment since President Donald Trump shocked markets with sweeping tariff announcements earlier this year. China’s once-dominant share of US video game console imports fell from 86% in 2024 to less than 5% since May, after Trump levied particularly punishing tariffs on the country, according to a Bloomberg News analysis of trade data.


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