President Donald J. Trump may have initially offered leeway for businesses and customers when it comes to his infamous tariffs, but that is already changing. As a result, more companies are affected by the tariffs, including Nikon.
The Japanese camera company is among the latest to announce how their products are set to be affected by Trump’s tariffs, with price increases coming to its cameras soon.
The company revealed that these price increases are necessary for its sale of Nikon cameras in the United States, but they have not yet announced any specific hikes for the models available for sale.
Nikon Cameras Price Increase Coming This June
Nikon has shared an update late last week to announce that they are set to effect price increases to cameras that they will sell in the United States, and it would be implemented next month, specifically on June 23.
Because of the tariffs, Nikon had to impose a “necessary price adjustment” for its products to keep up with the import taxation that the Trump administration introduced last April to all companies.
That being said, Nikon did not provide a clear markup percentage come the said date, but users now have almost a month to purchase cameras at their regular pricing.
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The root behind Nikon’s camera price increases is undeniably the Trump tariffs, with the company also noting it in their notice. However, the bad news does not end there as Nikon said that they will adjust the pricing as necessary as they continue to monitor any changes in Trump’s tariffs.
Trump’s Tariffs and Its Effect on Tech
April was supposed to mark the start of President Trump’s proposed tariffs took effect. However, he eventually issued a temporary exemption for all devices using semiconductors like phones and laptops, but the government said that it would not last.
Several companies have gone ahead to increase the prices of their products to anticipate the higher tariffs imposed by Trump, with Logitech spiking up the SRP of its gaming gears late last month. On the other hand, there are companies who opted not to sell some of their products that would be affected by the reciprocal tariffs, with companies like Razer and Framework pulling out their goods from the United States.
There is a way to escape the tariffs, and that is to build these products and their components in the US, and the Trump administration has already been pressuring the likes of Apple for this.
While the tariffs undoubtedly greatly affect companies, it would ultimately be consumers who are set to face its drastic effects in the long run.
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