We all know what’s going on economically on the planet, and it is obviously a challenging time for a lot of businesses. Japan is currently being hit with a 24% tariff and that seems to be affecting Canon USA’s pricing plans.
Cancelled Price Drops
We have been told that price drops that were scheduled for May on both the EOS R7 and EOS R10 have been cancelled in the United States. The price drops were going to be significant.
This situation may also end Canon USA instant rebate programs for the foreseeable future once the current program ends.
Things may change quickly if Japan and the USA work to solve the current situation. If things do continue for months, we do expect to see prices increase on Canon gear in the USA.
We have been told that price drops on the EOS R7 and EOS R10 are still scheduled to happen in the UK and EU. We haven’t spoken to retailers in other geographic regions than the ones mentioned here.
We won’t pretend to be economists, but there may be a possibility of collateral damage that may affect pricing globally.
Refurbished Canon USA Gear
These tariffs may also affect Canon USA’s popular refurbished camera and lens sales. As you may know, refurbished gear at Canon USA is generally dealer credit returns, so when products start costing more for authorized retailers to bring in, those return credits will be higher in dollar value.
We don’t know how this is going to affect things outside of the USA retail market.
Summary
How this all plays out; we have no idea. However, if you’re looking to buy some new gear and can swing it, now may be the time to take the plunge.
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No.
Canon does use China for a lot of things. Even if the US and Japan come to terms, the China trade war will disrupt supply chains globally and still have an effect on pricing on most everything. It's pretty much a game of chicken with those two. Good times!
I meant those stupid tariffs!
That what I was alluding to :)
But had you invested, you instead could have made a killing on the market swing.
I've just listened to a podcast (German POV) about this "foreign policy".
They ended up with the theory that this will lead to a new world trade order with China stepping into gaps, that Mr. T. leaves open.
Did you know that Japan and South Korea already negotiating (say talking) with China to intensify trade relations?
Japan and South Korea! The closest partners of the US in the Asia!
There is a reason why the principle of "separation of powers" is the fundament of a lot of Constitutions and political systems.
Sad, if it doesn't work any more.