Possible 24% - 34% Price Increase on Panasonic Lumix

[Erik_A]

This is disturbing, and will likely hurt camera companies, with lower sales to the US

The Panasonic Lumix S1R II camera, while designed in Japan, is manufactured in China, so the Tariff Rate could be 34%

Trump’s tariffs will drastically increase the USA prices of all L-mount gear! - L mount system camera rumors and news

https://www.youtube.com/watch?v=lR3Xsh7oCcc 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...

www.l-rumors.com

Camera Model Panasonic S1R II
Manufacturing Country Japan (China)
Tariff Rate 24% (34%)
Original Price $3,299.99
New Price (with Tariff) $4,091.99 ($4,421.98)

 

[GeorgeHudetz]

It certainly does not seem to be a good moment in time to introduce a new flagship camera. But we shall see - anything is possible.

 

[RuleOfThirds]

Maybe we get more stock in Europe and lower prices? They can’t stockpile them…

saw a story of a wine trader I think in the Dutch news, who had to collect ship containers full of wine for the USA, back from Rotterdam harbor to his storage facilities because the shipment was canceled moments before. Trump thinks it is a good idea to put 200% import tariff on it. Now can only sell it off at a loss.

I think this whole trading war will introduce recession, and everybody loses.

 

[RBecker]

The tariff needs to be added to the price how Panasonic Japan sells the camera to Panasonic US, not on the consumer price.
But anyway this is very bad news for all camera manufacturers and american customers…

 

[dirk]

And for investors in stock market. The sell off over the last 2 days was horrible on US stock markets.

One guy pushes without a need the global economy close to recession. Unbelievable.

It will take time til US residents will realize that this is a hidden tax they have to pay from now on in the US. Analysts calculated that each US tax payer will have to pay in average around 5.500 USD more each year from now on.

Mr. T will take this additional tax income and distributes it later as the promised tax cuts for his friends, the rich people.

But back on topic. Buy your gear as long as it is at the current price level, if you live in the US. Not only cameras. Also TV, PCs etc. Basically everything

 

[Jan.Wedekind]

The tariff needs to be added to the price how Panasonic Japan sells the camera to Panasonic US, not on the consumer price.
But anyway this is very bad news for all camera manufacturers and american customers…

and why would Panasonic US as importer eat that tariff? They will mostly pass this on to retailers, who will pass it on mostly to consumers.

Plus, there is a good chance that prices will stay higher even if tariffs come down again or go away. Companies have a scape goat (tariff) to shift the pricing baseline. See Covid and “chip scarcity”

 

[Markuswelder]

Who remembers the World Economic forum saying that by 2030, you will own nothing and be happy? Starting to open your eyes a little bit?

 

[Markuswelder]

I defy anyone to read this, and not be able to see what's going on in the background. In my country, house prices are skyrocketing into the Million $$+ range, vehicle prices are following, there's talk rumbling on in the background of 15 minute cities, it's all pointing in one direction. Sorry about the sidetrack

You'll own nothing and be happy - Wikipedia

en.wikipedia.org

 

[Quentinquirelino]

and why would Panasonic US as importer eat that tariff? They will mostly pass this on to retailers, who will pass it on mostly to consumers.

Plus, there is a good chance that prices will stay higher even if tariffs come down again or go away. Companies have a scape goat (tariff) to shift the pricing baseline. See Covid and “chip scarcity”

I think what he was saying is that the tariff isn't directly applied to the customer sales price. It's applied to the import price of the camera. The import cost is lower.

The customer sales price = import price + tariff+ some other costs, like distribution costs.
Let's assume $2000 of the $3299 are import price. Than the tariff adds 24 % (or 34 %) of $2000 to the sales price. That means extra $480 (or $680) for tariff. The customer sales price would be $3779 (or $3979) in the end.

However that's only an assumption. To calculate the real sales price, we need to know the import price.

 

[The Rigger]

It will take time til US residents will realize that this is a hidden tax they have to pay from now on in the US.

A lot of us US residents have been saying exactly this since last summer, long before the election. Unfortunately, the mob that put the current regime in the White House weren't listening. Maybe they're listening now, maybe not. Time will tell...

 

[RBecker]

I think what he was saying is that the tariff isn't directly applied to the customer sales price. It's applied to the import price of the camera. The import cost is lower.

The customer sales price = import price + tariff+ some other costs, like distribution costs.
Let's assume $2000 of the $3299 are import price. Than the tariff adds 24 % (or 34 %) of $2000 to the sales price. That means extra $480 (or $680) for tariff. The customer sales price would be $3779 (or $3979) in the end.

However that's only an assumption. To calculate the real sales price, we need to know the import price.

Thanks, that was my idea, but without your detailed example. But as you said, at the end we have to wait what the companies will decide how the final price should look like…