Gamers have felt the impact of Trump’s tariffs as Microsoft has already raised prices of its Xbox consoles by more than 20%.

Just how big of a hit will Sony take because of tariffs? The company revealed in an earnings report that it's facing a $700 million impact from tariffs, according to Bloomberg. Fellow Japanese company Toyota is facing a $1.2-billion tariff bill.

Case in point: Tao said that Sony has a stockpile of PS5 consoles in the U.S. that should last for three months. This will allow it to wait out the situation for a while and see what happens, and may mean that a PS5 price increase is still months away, if it’s coming at all.