PCMag editors independently select and evaluate products. If you make a purchase through our affiliate links, we may earn a commission that supports our product testing efforts.President Trump’s steep 145% tariff on Chinese goods — including gaming consoles — may soon be reduced. On Tuesday, the president indicated he’s open to lowering the rate as part of an effort to ease tensions in the ongoing trade conflict with China.“145% is extremely high, and it won’t remain that high,” Trump said in response to a question about Treasury Secretary Scott Bessent’s remarks that the trade war with China was unsustainable.“No, it’s not going to stay near that level,” Trump continued, later clarifying, “It will decrease significantly, though not to zero.”Trump also told reporters on Wednesday that the U.S. is engaged in tariff discussions with several countries, including China and members of the EU.Easing the tariffs could help reduce the risk of price surges, especially since many everyday electronics and consumer items are manufactured in China. However, Trump has shown no intention of eliminating the tariffs completely. According to The Wall Street Journal, his administration is contemplating a reduction of the 145% rate down to somewhere between 50% and 65% — still a hefty burden likely to push higher costs onto consumers.The administration seems to be softening its stance in light of growing concern that the trade war could drag down stock markets and limit access to consumer products. Axios reported that on Monday, CEOs from Walmart, Target, and Home Depot met with Trump, warning that the current tariff policies could not only drive prices up but also result in barren store shelves. Vendors may be unwilling to import goods if high tariffs force them to charge more than consumers are willing to pay.For now, Trump has issued a temporary exemption for computers, smartphones, and graphics cards from the 145% tariff. However, the exemption does not extend to Chinese-made video game consoles, TVs, or PC parts like fans and power supplies. Trump has also previously warned that items such as Chinese-assembled computers, phones, and chips could still be targeted under a separate tariff classification in the future.
