Sony on Wednesday said it is bumping up the price of PlayStation 5 video game consoles by $50 in the United States due to a "challenging economic environment."

Tariffs imposed by President Donald Trump hike the cost of goods brought into the US, leaving companies like Japan's Sony to decide whether to pass that on to consumers.

"Similar to many global businesses, we continue to navigate a challenging economic environment," Sony Interactive Entertainment vice president of global marketing Isabelle Tomatis said in a post.

After initially being threatened with a 25 percent hike, Japan negotiated a 15 percent tariff with the Trump administration.

"As a result, we've made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the US."

The new price fo

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