Sony will increase the prices of its PlayStation 5 consoles in the US, starting today. This follows the trend of console manufacturers such as Microsoft and Nintendo raising prices for their hardware in response to tariffs.

Xbox and Nintendo also announced price increases for their respective consoles this year, with PlayStation's price increase starting Aug. 1.

Every version of the PlayStation 5 is now $50 more expensive in the U.S., but at least for now, a new deal at GameStop will cover the difference. The meme stock retailer announced it will start giving anyone who trades in their last-gen consoles an extra $50 in-store credit toward the purchase of a new PS5.

California governor Gavin Newsom has reacted to the PlayStation 5 price hike in the US, jokingly thanking US President Donald Trump for making it happen via his controversial tariff strategy. Re-sharing a news story about the PS5 price hike, Newsom, a Democrat, posted on social media, "Great work, Donald Trump!!"

PS5 games that normally cost $60 are on sale for just $6 for a limited time, thanks to a new PlayStation Store sale.