Sony raises the price of PS5 models citing ‘challenging economic environment’ - including Trump’s tariffs

The standard PS5 will now retail for $549.99 - (Getty Images)

Starting Thursday, all PlayStation 5 models sold in the United States will see a $50 price increase, Sony revealed, citing the mounting financial pressure from newly imposed tariffs under the Trump administration.

“Similar to many global businesses, we continue to navigate a challenging economic environment,” Sony said in a blog post on Wednesday, announcing the “difficult ​​decision.”