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6/27, 6:00 AM (Source: TeleTrader)
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Console makers urge Trump to ease trade tensions

Game console makers and rivals Sony, Microsoft and Nintendo warned United States President Donald Trump against escalating trade tensions with China as a trade war could hurt the multi-billion dollar gaming industry and its consumers.

In a joint complaint to the US Trade Representative, the companies warned of the "enormous impact and undue economic harm that proposed tariffs on video game consoles would have on the entire video game ecosystem."

"While we appreciate the Administration’s efforts to protect US intellectual property and preserve US high-tech leadership, the disproportionate harm caused by these tariffs to US consumers and businesses will undermine - not advance - these goals," the companies said and asked the administration to remove video game consoles from the list of proposed tariffs. "Although we appreciate the Administration’s goal of strengthening the protection of IP in China, video game consoles are not the focus of the Chinese practices targeted by this investigation," the companies said.

Breaking the News / KP