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Tariff tax may increase cost of Leica


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I read where the US is adding a 25% tariff to some EU import goods as the US ongoing spat with trade. Starting 18, Oct 20119.

https://www.nytimes.com/2019/10/02/us/politics/airbus-tariffs-wto.html

https://leicarumors.com/2019/10/07/trumps-new-25-us-tax-on-european-products-includes-cameras-and-lenses-coming-from-germany-will-leica-gear-get-more-expensive-in-the-us.aspx/#more-60853

Edited by ru2far2c
typo
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The tariff will apply to the cost of the imported goods not the final retail price so there won't be a 25% hike in the ticket price of cameras and lenses. That said, it could still mean a hefty price rise if Leica USA choose not to absorb some or all of the tariff in their profits.

Edited by wattsy
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Rumor mill says they will increase the full 25% on lenses first and then cameras in December. Who knows if this will be true.

But, if it is, I predict that this will in fact punish Leica's US sales. 

Good for all of us that already own a bunch of Leica gear as the used value will certainly go up. 

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1 minute ago, dkmoore said:

Jeff S clarified that the 25% on cameras will most likely be for small compact cameras and not necessarily the M, SL, and S line.

Not exactly my clarification; merely quoting Leica Rumors, which referred to “compact cameras”, whatever that means.  I would guess D-lux, etc, but have no idea, nor do I know their source.  

Jeff

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12 minutes ago, Jeff S said:

Not exactly my clarification; merely quoting Leica Rumors, which referred to “compact cameras”, whatever that means.  I would guess D-lux, etc, but have no idea, nor do I know their source.  

Jeff

Was too loose with my phrasing.

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The tariff should apply only to foreign made goods that are in direct competition for U.S. made goods in the marketplace. 

A blanket tariff is akin to killing a mosquito with a sledge hammer instead of a fly swatter, but that's the way bureaucrats love to conduct business. 

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I've read the tariff document a bunch, and i read it as lenses only, and not camera bodies.

I'm trying to buy a used Leica MP,  film body only, from japan.  I know i sound super redundant, but should i be worried about a 25% tariff on this puppy before i press pay?  I would cry ugly tears if i had to pay for an MP and 25% on top, in addition to my 10% state tax i'm paying too 😢

Hoping the kind smart people of the L Camera forum can chime in :)

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  • 1 month later...
1 hour ago, Jeff S said:

Yup... Leica decided to spread the impact across most products instead of larger increase to just lenses.

Jeff

Sure glad I have made all my purchases, M10-P included. I can't fathom paying over $9K for an M10-P, as good as it is....

Edited by Reciprocity
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Generally I’m slow to add lenses to a new system, but decided to go ahead and get 3 SL lenses for a new SL2 to avoid the tariffs, including $5k for a mint used 90-280, with remaining warranty, which will sell new on Jan 1 for $7k.  The dealer is prepared to raise the prices even on used gear the same 10%, to better protect trade values.

Several dealers confided that it’s been nuts trying to handle all the customer requests and clarifications regarding the recent and anticipated price increases.

Jeff

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On 10/23/2019 at 12:10 AM, Herr Barnack said:

The tariff should apply only to foreign made goods that are in direct competition for U.S. made goods in the marketplace. 

A blanket tariff is akin to killing a mosquito with a sledge hammer instead of a fly swatter, but that's the way bureaucrats love to conduct business. 

Not really following that.

Taxing wine and cheese is a perfectly appropriate response to the French taxing the US' digital marketplace companies, which France doesn't have.  

Taxing Leica products is also a perfectly appropriate response to Germany not paying its fair share to NATO.

It is what it is.

Edited by A miller
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22 minutes ago, A miller said:

Not really following that.

Taxing wine and cheese is a perfectly appropriate response to the French taxing the US' digital marketplace companies, which France doesn't have.  

Taxing Leica products is also a perfectly appropriate response to Germany not paying its fair share to NATO.

It is what it is.

***

Edited by ECohen
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1 minute ago, ECohen said:

I thought the point to tariffs was so that you would buy your own nations goods. To level the playing field so to speak?

Is there a Leica camera equivalent in America being sold....... So the tariff is punishment?

Contexts differ, but in this context the point of tariffs is to influence behavior.  

With China - to get them to open their markets and stop taxing us and stealing our IP

With Europe - to stop taxing our exports force them to pay their fair share to NATO.

It is a powerful tool in an era of hyper-polarization in that it doesn't require Congressional cooperation.

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