Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.

All three PlayStation 5 consoles will see a similar price increase. The most expensive Pro version now has a recommended retail price of $749.99. The price hikes come after US President Donald Trump imposed tariffs on most of America's trading partners, including Japan, which has led to fears of rising costs.

Sony announced Wednesday it will raise PlayStation 5 console prices in the U.S. by $50, citing ongoing economic challenges and the financial strain caused by recent U.S. tariffs on electronics imported from China.