Price Increases Coming From Canon USA

[PhotonShark]

I remember working camera retail and people not believing how tight the margins were. I would even pull out the order catalog and SHOW people what dealer cost was. Even then.... "well, you get volume discounts!". True, that 1-2% if we filled a stock room really changed the game!

The margin between the "wholesaler" which in this case is Canon USA and the retailer which is anybody from B&H to Canon USA is reasonably easy to work out if you know the right people. The declared import value is almost impossible to ascertain unless you're in the accounting department of Canon USA or US Customs.

 

[Del Paso]

It was Liberation Day! Don’t you feel liberated?

I cannot answer, I'm French...
We got liberated by the US Army in 1944, but I'm growing increasingly doubtful as to the reliability of our former allies...
Current news coming from the USA are simply shocking. Fortunately, the vast majority of Americans remain the nice and friendly people I so often met in my vacations and on the job.

 

[Old Sarge]

I remember working camera retail and people not believing how tight the margins were. I would even pull out the order catalog and SHOW people what dealer cost was. Even then.... "well, you get volume discounts!". True, that 1-2% if we filled a stock room really changed the game!

When I was a salesclerk in a camera store the boss would often say that we could give cameras away if we could just get people to process enough film with us. Cameras weren't our profit center, processing was where the profit was.

 

[mimbu]

Well, this is certainly good news for all the struggling American camera companies. The tariffs will make it much easier for them to compete with the evil foreign brands that have been undercutting American camera makers for years. Remember folks, buy American!

More seriously, it warms my heart to see a politician keeping his promises and giving American voters exactly what they voted for.

 

[Del Paso]

Well, this is certainly good news for all the struggling American camera companies. The tariffs will make it much easier for them to compete with the evil foreign brands that have been undercutting American camera makers for years. Remember folks, buy American!

More seriously, it warms my heart to see a politician keeping his promises and giving American voters exactly what they voted for.

Right!
Kodak's Brownies or Instamatics could no longer compete with Nikon's F2 or Canon's F1, their US-made production costs were simply too high!

 

[David_B]

Why would tariffs that the US impose impact prices in other countries? USA Tariffs are paid for by the importer into America and hence consumers in America.

To protect the profits of Canon USA from grey market imports

 

[David_B]

Now you understand why this anti-vaccine Kennedy is eager to destroy CDC and NIH - only the healthy should survive.

You got that wrong by one letter - "only the wealthy should survive".

 

[AlanF]

To protect the profits of Canon USA from grey market imports

Grey market imports will have the same tariffs unless they are smuggled in.

 

[neuroanatomist]

To protect the profits of Canon USA from grey market imports

Seems you don't understand the difference between the gray market and the black market. What makes the former 'gray' is that the imports are legally brought in through a channel not authorized by the manufacturer.

Having said that, the gray market for Canon products is not particularly robust in the US. Most of the gray market dealers have a reputation for shady practices, upselling, not delivering as promised, shipping used goods sold as new, etc. AFAIK, there is no equivalent of Panamoz in the US. I suppose DigitalRev might be an exception, but even then when I click on their Help & Contact Us link, I get a server not found page.

 

[EricN]

Seems you don't understand the difference between the gray market and the black market. What makes the former 'gray' is that the imports are legally brought in through a channel not authorized by the manufacturer.

Having said that, the gray market for Canon products is not particularly robust in the US. Most of the gray market dealers have a reputation for shady practices, upselling, not delivering as promised, shipping used goods sold as new, etc. AFAIK, there is no equivalent of Panamoz in the US. I suppose DigitalRev might be an exception, but even then when I click on their Help & Contact Us link, I get a server not found page.

It could be an opportunity for some Americans wanting to start a Panamoz-style business.

 

[Del Paso]

It could be an opportunity for some Americans wanting to start a Panamoz-style business.

Just one example: When I bought the RFs 15-35 and 100-500 from Panamoz, I saved approximately $2400 compared to what I'd have paid to an official retailer in France or Germany.*
Some of Panamoz' prices can be higher than from an official dealer, but, most of the time, it's worth taking a look.
Edit: * despite "generous" cashback offer...

 

[David_B]

Seems you don't understand the difference between the gray market and the black market.

Here's a challenge for you: for the rest of the month, refrain from posting anything on this web site that is either condescending, rude, or insulting.

What makes the former 'gray' is that the imports are legally brought in through a channel not authorized by the manufacturer.

Which is exactly what I'm referring to.

A more intellegent rebuttal of what I said would be that it doesn't matter if it comes into the country because it is the point of origin that is of concern - or at least that's the impression I'm getting from various sound bites. Having reviewed the latest list of tariff rates from the MAGA Administration, everyone is getting whacked with a 10% tariff, so there will be no short cuts.

A price rise globally because of Trump is a rather dispicable move by Canon because as it stands, the only people that can benefit from the lower prices are those that can drive over the border to Vancouver/Montreal/Ottawa. Just dispose of the box before you come back so that customs have no reason to think you bought something new while you were there for the day.

Looks like the US federal government finally found a way to put a 10% sales tax on all imported goods. For those that want to argue with that ...

A tariff is considered a tax because it's a mandatory financial charge levied by a government on imported goods. Like other taxes, tariffs are intended to raise revenue for the government, and they are usually a percentage of the value of the imported goods. Importantly, tariffs are not just a one-off fee; they are a recurring tax applied to each import transaction.

And America goes wild because Trump tricks the country into thinking it won't pay the tax, others will.

 

[David_B]

Grey market imports will have the same tariffs unless they are smuggled in.

Yes, this escaped me at first.

 

[EricN]

Here's a challenge for you: for the rest of the month, refrain from posting anything on this web site that is either condescending, rude, or insulting.

I suggest a counter challenge of not posting anything asinine until May first.

 

[Bonich]

Hypothesis:

1. Trump announces massive tariffs. stock markets tank.
2. Trump and friends buy lots of shares
3. Trump cancels tariffs
4. Profit

Be interesting to see if anything like that comes to light in the next few months.

Cancelling tariffs will not happen, every penguin has to pay 10% at least to Trump Inc.
Only North Korean and Russian penguins are friends & happy penguins.

 

[Bonich]

Tariffs were certainly planned. The chaotic and unpredictable implementation of them seems like the lack of a plan (though it's quite possible that chaos was the plan, and if so mission accomplished). Bumping tariffs on China to 145% was reactionary, including electronics then walking that back then walking back the walkback...that doesn't sound like planning.

It's all planned: The more you bring the stocks up and down the better for insider trading.

 

[neuroanatomist]

Here's a challenge for you: for the rest of the month, refrain from posting anything on this web site that is either condescending, rude, or insulting.

Here's a challenge for you: for the rest of the month, refrain from posting anything on this website that clearly demonstrates that you're clueless about the topic you are writing about.

Which is exactly what I'm referring to.

A more intellegent rebuttal of what I said would be that it doesn't matter if it comes into the country because it is the point of origin that is of concern - or at least that's the impression I'm getting from various sound bites. Having reviewed the latest list of tariff rates from the MAGA Administration, everyone is getting whacked with a 10% tariff, so there will be no short cuts.

I saw no need to repeat what @AlanF posted, but maybe repetition is necessary for your understanding of a concept.

Yes, tariffs are generally based on the country of origin (COO). No impression from sound bites required. There is an exception when a 'substantial transformation' occurs. So soybeans grown in the US and imported into China will be subject to whatever tariffs China applies to US soybeans, even if they were put on a train from California to Mexico then shipped from there to China. But if those soybeans are used to make tofu in Mexico and that is imported into China, tariffs applying to Mexican goods would be paid by the Chinese importer.

A price rise globally because of Trump is a rather dispicable move by Canon because as it stands, the only people that can benefit from the lower prices are those that can drive over the border to Vancouver/Montreal/Ottawa. Just dispose of the box before you come back so that customs have no reason to think you bought something new while you were there for the day.

Always nice to encourage breaking the law.

Looks like the US federal government finally found a way to put a 10% sales tax on all imported goods. For those that want to argue with that ...

A tariff is considered a tax because it's a mandatory financial charge levied by a government on imported goods. Like other taxes, tariffs are intended to raise revenue for the government, and they are usually a percentage of the value of the imported goods. Importantly, tariffs are not just a one-off fee; they are a recurring tax applied to each import transaction.

And America goes wild because Trump tricks the country into thinking it won't pay the tax, others will.

This isn't news, that's how tariffs work. But sure, some Americans don't understand that. Some surveys have shown that around 10% of Americans believe the earth is flat, and 10-20% believe the earth is less than 10,000 years old. There are a lot of idiots in America...and other places, too. Some of them even post here on CR.

 

[Bonich]

There were a bunch of comments about this when the initial tariffs were announced... The punters thought that the price increase in the US would only be ~10% as Blackmagic is an Australian company but they didn't realise that the hardware was mostly from Vietnam and China hence subject to massive price increases.
The decision to exempt electronics/phones from the China tariffs was the simple one as doubling the retail price for an iPhone would be very obvious price indicator for US buyers that this is a tax levied on consumers to offset the income tax reductions.

Worst case for the US is taking on more debt because the tax cuts are passed but not offset by the additional tariff income.
Liz Truss held the prime minister role for 44 days and resigned due to market pressures of a big tax cut... the lifespan of a lettuce!
https://www.bbc.com/news/business-63009173
Unfortunately, US electoral processes don't allow this to occur... not that Trump wouldn't ever admit responsibility for markets getting yippy

Glad the USA is yippy for many years to come!

 

[Bonich]

I cannot answer, I'm French...
We got liberated by the US Army in 1944, but I'm growing increasingly doubtful as to the reliability of our former allies...
Current news coming from the USA are simply shocking. Fortunately, the vast majority of Americans remain the nice and friendly people I so often met in my vacations and on the job.

Always separate between people you know and official America - at least up to the moment when your flight to the States ends in El Salvador due to a the challenge of the officer's day is to proof to be tough. Fortunately they never book a round trip!

 

[David_B]

Here's a challenge for you: for the rest of the month, refrain from posting anything on this website that clearly demonstrates that you're clueless about the topic you are writing about.

You failed with an unnecessarily rude and insulting post. Always quick and leading with the ad hominem.