Trump’s tariffs will drastically increase the USA prices of OM/Lumix gear….OM-3 price could go up by 45%!
Important note: We are not talking about politics here, but simply about the economic impact of the new tariffs on camera gear.
Yesterday, Trump announced hefty tariffs that will affect the entire camera industry. That’s why I’ve grown tired of analyzing the possible consequences in the form of price increases. Let’s first look at where the companies manufacture their equipment
- Canon – Japan, Taiwan, Malaysia, Thailand, and China
- Nikon – Thailand and Japan
- Sony – Thailand and China
- Fujifilm – Japan and China
- Panasonic – China and Malaysia
- OM System – Vietnam and China
- Leica – Germany and Portugal
- Sigma – Japan
- Tamron – China and Vietnam
Assuming that camera manufacturers have very little room to offset these tariffs through some sort of cost reduction, US consumers will have to pay the tariffs on the camera/lens equipment. I have provided some examples in this table:
Camera Tariff Table
| Camera Model | Manufacturing Country | Tariff Rate | Original Price | New Price (with Tariff) |
|---|---|---|---|---|
| Canon EOS R1 | Japan | 24% | $6,300 | $7,812.00 |
| Canon EOS R5 Mark II | Japan | 24% | $3,999 | $4,958.76 |
| Sony A1 II | Japan | 24% | $6,499 | $8,058.76 |
| Sony A7V | Thailand | 36% | $2,500 | $3,400.00 |
| Nikon Z8 | Thailand | 36% | $3,999 | $5,438.64 |
| Sigma BF | Japan | 24% | $1,999 | $2,478.76 |
| Panasonic S1R II | Japan | 24% | $3,299.99 | $4,091.99 |
| OM System OM-3 | Vietnam | 45% | $1,999.99 | $2,899.99 |
| Leica M11 | Germany | 20% | $8,995 | $10,794.00 |
| Fujifilm X100VI | China | 34% | $1,599 | $2,142.66 |
| Fujifilm GFX100 II | Japan | 24% | $7,499 | $9,298.76 |
| Hasselblad X2D | Sweden | 10% | $8,199 | $9,018.90 |
Lens Tariff Table
| Lens Model | Manufacturing Country | Tariff Rate | Original Price | New Price (with Tariff) |
|---|---|---|---|---|
| Canon 24-70mm f/2.8 | Japan | 24% | $1,999 | $2,478.76 |
| Canon 200-800mm | Japan | 24% | $2,499 | $3,098.76 |
| Sony 24-70mm f/2.8 GM II | Japan | 24% | $2,299 | $2,850.76 |
| Sony 400mm f/2.8 GM | Japan | 24% | $11,999 | $14,878.76 |
| Nikon 85mm f/1.4 | Japan | 24% | $1,599 | $1,982.76 |
| Sigma 300-600mm f/4.0 | Japan | 24% | $5,999 | $7,438.76 |
| Panasonic 24-70mm f/2.8 | Japan | 24% | $2,199 | $2,726.76 |
| Tamron 35-150mm f/2.0-2.8 Di III | Japan | 24% | $1,899 | $2,354.76 |
| Samyang 35-150mm f/2.0-2.8 | South Korea | 20% | $1,044.27 | $1,253.12 |
| Viltrox 135mm f/1.8 | China | 34% | $854 | $1,144.36 |
| OM SYSTEM M.Zuiko Digital ED 150-400mm f/4.5 TC1.25x IS PRO | Japan | 24% | $7,499.99 | $9,299.99 |
This is just a theoretical calculation of the possible price increases. There are many variables that could change this:
- Companies could decide to cut some of the profit margins to offset the tariffs
- Negotiations between US and other countries could change the tariff rates in the near future
I don’t know when these price increases will come into effect at shops like BHphoto and Amazon. The current cameras that are in stock are still ‘duty free’. But any new stock of cameras coming into the country will be affected by the new tariffs. I would suggest you to buy the gear now!
The bad news for all of us:
I have heard from managers that companies should slow down the introduction of new products due to the great uncertainty of this situation. They need to evaluate the following two important points:
- Wait for negotiations to happen and see if tariffs will indeed change
- Asses how much the tariffs will affect the sales of cameras and lenses on the US market
Big mess:
Again, this is not about politics, but solely about the economic consequences of such a measure. What is certain is that this is a big mess at the moment and the times ahead will be difficult.