Console manufactures can breathe easy after tension between China and the US cooled earlier this month.
Following a recent agreement between US president Donald Trump and Chinese vice premier Liu He, a number of trade tariffs have been taken off the table indefinitely.
Among them was the proposed 25% import tax on consoles, the overwhelming majority of which are produced in China. According to figures from Sony, Microsoft, and Nintendo, over 96% of consoles imported into the US in 2018 came from China.
In response to the threat, Microsoft, Sony, and Nintendo all reportedly scaled back console production in China.
With the the PlayStation 5 and Xbox Series X launch scheduled to launch later this year -- along with rumours of a Nintendo Pro -- the news is well-timed for manufacturers and consumers alike.
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