Take-Two's CEO Strauss Zelnick feels optimistic about his company's upcoming releases, including Grand Theft Auto 6. However, he expressed concerns regarding President Trump's proposed tariffs, which might negatively impact console sales, although he believes physical game disc sales might remain stable. Zelnick identifies himself as a free trader and isn't keen on tariffs as an economic strategy. Meanwhile, the Entertainment Software Association warns that these tariffs could severely harm game sales and urges collaboration with the industry for solutions.
As an economist, I'm not a big fan of trade wars. I do think there are moments where tariffs make sense.
The tariffs on goods from Mexico and Canada were paused for 30 days—but not canceled.
The impact of Trump's tariffs could devastate video game sales and urged the President to work with the industry.
There's also the very real possibility that any additional tariffs will spike the prices of both video games and consoles.
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