m9photo Posted October 22, 2019 Share #1 Posted October 22, 2019 Advertisement (gone after registration) Well, it's almost official now as has been rumored https://leicarumors.com/2019/10/21/leica-rumored-to-increase-us-prices-on-november-1st.aspx/ Link to post Share on other sites More sharing options...
Advertisement Posted October 22, 2019 Posted October 22, 2019 Hi m9photo, Take a look here 25% price increase in US Nov 1st. I'm sure you'll find what you were looking for!
Jeff S Posted October 22, 2019 Share #2 Posted October 22, 2019 (edited) Posted in the SL section, but increase applies to Leica lenses, so far, consistent with tariffs. Jeff Edited October 22, 2019 by Jeff S Link to post Share on other sites More sharing options...
jmschuh Posted October 22, 2019 Share #3 Posted October 22, 2019 vor einer Stunde schrieb m9photo: Well, it's almost official now as has been rumored https://leicarumors.com/2019/10/21/leica-rumored-to-increase-us-prices-on-november-1st.aspx/ I find it strange to say Leica has increased prices. Leica didn't change the prices at all. The 25% more are the customs duties President Trump has come up with. Customs duties are paid by the inhabitants of their own country. Maybe somebody will explain that to him. Maybe he thinks that if Leica products became more expensive for their own citizens, Americans would buy more American cameras and lenses. 2 2 11 Link to post Share on other sites More sharing options...
flintenschuetze Posted October 23, 2019 Share #4 Posted October 23, 2019 The consumer will not see a 25% increase of price - because these 25% will not be calculated on top of the end consumer‘s product price. Link to post Share on other sites More sharing options...
ECohen Posted October 23, 2019 Share #5 Posted October 23, 2019 (edited) 2 hours ago, flintenschuetze said: The consumer will not see a 25% increase of price - because these 25% will not be calculated on top of the end consumer‘s product price. I don't understand your comment. Can you please explain? First off do we agree the US tariff is paid be the end consumer ? Doesn't that simply mean if I order a camera on November 1st from a US Leica dealer. The camera or lens will simply cost 25% more than it did on October 31st...... in the US As a US consumer I will pay more for a Leica camera/lens ...... 25% more ? So a $2000 product will cost the US consumer $500 more or $2500. correct? That kind of a price increase wherever it comes from will piss me off....as Leica already has my ouch factor. Edited October 23, 2019 by ECohen Link to post Share on other sites More sharing options...
Jeff S Posted October 23, 2019 Share #6 Posted October 23, 2019 4 minutes ago, ECohen said: I don't understand your comment. Can you please explain? First off do we agree the US tariff is paid be the end consumer ? Doesn't that simply mean if I order a camera on November 1st from a US Leica dealer. The camera or lens will simply cost 25% more than it did on October 31st...... in the US As a US consumer I will pay more for a Leica camera/lens ...... 25% more ? So a $2000 product will cost the US consumer $500 more or $2500. correct? That kind of a price increase wherever it comes from will piss me off....as Leica already has my ouch factor. Thank the government. The price increase IS the tariff you’ll pay. I hardly blame Leica, which won’t earn a penny more. Otherwise the company would essentially eat the tariff and reduce margins. Jeff 1 Link to post Share on other sites More sharing options...
bags27 Posted October 23, 2019 Share #7 Posted October 23, 2019 Advertisement (gone after registration) Leica is the only camera company left in Germany. Its sales have an infinitesimally small impact on the German economy. Including cameras and lenses--meaning Leica--on this list might seem mystifying, since it can't possibly enter into Germany's considered response to the new tariffs. And yet, Stephen Schwarzman's Blackstone owns 45% of Leica. Schwarzman himself used to be a Trump supporter, but has since become a critic. Hmmmm...... 2 Link to post Share on other sites More sharing options...
Herr Barnack Posted October 23, 2019 Share #8 Posted October 23, 2019 (edited) Quote "The United States imposes tariffs (customs duties) on imports of goods. The duty is levied at the time of import and is paid by the importer of record. Customs duties vary by country of origin and product. Goods from many countries are exempt from duty under various trade agreements. Certain types of goods are exempt from duty regardless of source. Customs rules differ from other import restrictions. Failure to properly comply with customs rules can result in seizure of goods and criminal penalties against involved parties. The United States Customs and Border Protection (“CBP”) enforces customs rules." Source: https://en.wikipedia.org/wiki/Customs_duties_in_the_United_States The questions that remain to be answered are (1.) will the importer of record (Leica Camera) pass the tariff on to Leica dealers who will then in turn pass it on to retail buyers? And (2.) is it lawful in the U.S. for the importer of record and/or the retail seller to do so? One of the goals of a tariff is to slow down imports to level the playing field for domestic goods producers; as such, it would be counterproductive for the U.S. government to allow the importer of record make the retail buyer reimburse the importer for the tariff. I still maintain that import tariffs should not be a blanket proposition but should be levied against importers of goods who are direct competition for domestic goods producers. Bureaucrats looooove to use a sledgehammer rather than a fly swatter to kill mosquitoes, though. Edited October 23, 2019 by Herr Barnack Link to post Share on other sites More sharing options...
Jeff S Posted October 23, 2019 Share #9 Posted October 23, 2019 24 minutes ago, Herr Barnack said: Source: https://en.wikipedia.org/wiki/Customs_duties_in_the_United_States The questions that remain to be answered are (1.) will the importer of record (Leica Camera) pass the tariff on to Leica dealers who will then in turn pass it on to retail buyers? And (2.) is it lawful in the U.S. for the importer of record and/or the retail seller to do so? One of the goals of a tariff is to slow down imports to level the playing field for domestic goods producers; as such, it would be counterproductive for the U.S. government to allow the importer of record make the retail buyer reimburse the importer for the tariff. I still maintain that import tariffs should not be a blanket proposition but should be levied against importers of goods who are direct competition for domestic goods producers. Bureaucrats looooove to use a sledgehammer rather than a fly swatter to kill mosquitoes, though. You’re searching for logic and fairness in the tariffs? Good luck with that. Many US farmers need subsidies just to stay in business. But let’s not get the thread banned. Jeff 1 Link to post Share on other sites More sharing options...
ru2far2c Posted October 23, 2019 Share #10 Posted October 23, 2019 The tariff is on lenses only not cameras. As it was pointed out to me in another thread and by rereading the article. It is very specific on what the tariff is targeting. Should have gone into affect on 18 October. According to a Leica dealer I spoke with prices will go up over time. Link to post Share on other sites More sharing options...
ECohen Posted October 23, 2019 Share #11 Posted October 23, 2019 FWIW I am probably going to spend 10 or 12k on Leica stuff in 2020. I most definitely don't blame Leica for the 25% tariff and expect them to pass it on the the consumer. However the tariff may push me to buy used Leica and go for the better value. I love the product but not being in the 1% I have to consider the cost. Yes! Lets not get this thread banned. Link to post Share on other sites More sharing options...
NigelG Posted October 23, 2019 Share #12 Posted October 23, 2019 FWIW I think that most tariffs are levied on the "transfer" value of goods not the retail price paid by the end consumer. These are significantly different.... 1 Link to post Share on other sites More sharing options...
BernardC Posted October 23, 2019 Share #13 Posted October 23, 2019 5 minutes ago, NigelG said: FWIW I think that most tariffs are levied on the "transfer" value of goods not the retail price paid by the end consumer. These are significantly different.... That's right. It's 25% of what the importer pays, not 25% of retail. Link to post Share on other sites More sharing options...
bags27 Posted October 23, 2019 Share #14 Posted October 23, 2019 (edited) deleted. I had thought it was on cameras, too, but that may now have been corrected to be just lenses and parts. Edited October 23, 2019 by bags27 Link to post Share on other sites More sharing options...
wellfleet Posted October 23, 2019 Share #15 Posted October 23, 2019 (edited) 8 minutes ago, bags27 said: I believe that it is now on both lenses AND cameras. Hoping I'm wrong here, of course.... 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/ LeicaRumors also posted this about 2 weeks ago: Update: it seems that the new tariffs apply only to lenses, lens accessories and camera parts. Edited October 23, 2019 by wellfleet 1 Link to post Share on other sites More sharing options...
canlogic Posted October 23, 2019 Share #16 Posted October 23, 2019 Perhaps they can ship the parts to Midland Ontario and assemble the lenses there as they used to then stamp them made in Canada! LOL! 1 2 Link to post Share on other sites More sharing options...
Herr Barnack Posted October 23, 2019 Share #17 Posted October 23, 2019 (edited) It seems pointless - where are Leica lenses or repair parts taking revenue away from any maker of any product made in America?? If the tariff meisters could point that out, I'm sure we would all welcome the opportunity to be enlightened. There simply are no American made camera lenses that are competing for the same buyer's dollars that Leica lenses are. Same thing for Leica repair parts. Edited October 23, 2019 by Herr Barnack 1 Link to post Share on other sites More sharing options...
Jeff S Posted October 23, 2019 Share #18 Posted October 23, 2019 28 minutes ago, wellfleet said: LeicaRumors also posted this about 2 weeks ago: Update: it seems that the new tariffs apply only to lenses, lens accessories and camera parts. Yes, correction issued after I told them to read the document they posted. Jeff Link to post Share on other sites More sharing options...
Jeff S Posted October 23, 2019 Share #19 Posted October 23, 2019 (edited) 26 minutes ago, Herr Barnack said: It seems pointless - where are Leica lenses or repair parts taking revenue away from any maker of any product made in America?? If the tariff meisters could point that out, I'm sure we would all welcome the opportunity to be enlightened. There simply are no American made camera lenses that are competing for the same buyer's dollars that Leica lenses are. Same thing for Leica repair parts. Are you following, or just choosing to waste your energy? There’s only one “tariff meister”, and he’s not a LUF reader. Jeff Edited October 23, 2019 by Jeff S 1 Link to post Share on other sites More sharing options...
wellfleet Posted October 23, 2019 Share #20 Posted October 23, 2019 14 minutes ago, Jeff S said: Yes, correction issued after I told them to read the document they posted. Jeff Then I wonder who Gary is. LeicaRumors - 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/ "The only way I see Leica avoiding this 25% tariff is to start making more products in their factory in Portugal. The effective date for the new tariffs is October 18, 2019. You can read more on the new Trump tariffs on NYTimes, Time and CNBC. Update: it seems that the new tariffs apply only to lenses, lens accessories and camera parts. Thanks Gary! Update: it seems that the new tariffs apply only to lenses, lens accessories and camera parts. Thanks Gary!" Link to post Share on other sites More sharing options...
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