Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.

PlayStation 5 video-game console to $550 from $500 in the US, following rival console-makers Microsoft Corp. and Nintendo Co. in price hikes after tariffs increased the cost of imports.“Similar to many global businesses,

Sony announced Wednesday it will raise PlayStation 5 console prices in the U.S. by $50, citing ongoing economic challenges and the financial strain caused by recent U.S. tariffs on electronics imported from China.