Honestly this seems an easy win for them in court, even if it’s a PR nightmare.
Consoles are not essential goods, so if you were willing to pay the inflated price, it doesn’t matter if it was inflated because the manufacturer wanted a bigger margin or because your president is an idiot.
Companies set the prices to maximize profit, so it’s not like the previous price was lower because they love us, it was the price where they thought sales×margins were bigger given the circumstances.
There are plenty of people saying that cloud gaming is the solution to the GPU and RAM price hikes, like it wasn’t obvious that the increased prices also affected the cloud providers and, more importantly for their management, gave them the perfect moment to enshittify their services.
Edit: two examples from my browser history: