Leica Camera announced a 7% price increase for its products in both the US and Canada, effective May 1, 2025, attributed to import processes affected by US tariffs. The Camera Store in Calgary questioned Leica's rationale for implementing these increases in Canada, given options to avoid tariffs. Leica explained that it aims for price parity between the two countries, but this has frustrated Canadian retailers. They are considering establishing a Canadian subsidiary to improve support for Canadian customers, highlighting the complex challenges businesses face due to global tariff policies.
Price increases on electronics, inflamed by President Trump's tariffs, are affecting markets beyond the US, as evidenced by Leica's price adjustment in Canada.
The Camera Store's managing director challenged Leica on why Canadians were subjected to US tariffs, indicating a desire for fair pricing differentiation.
Leica confirmed that its price increases stem from the import process, stating that adjustments will impact the Canadian market as they operate from the US.
Leica is considering establishing a Canadian subsidiary to better support local consumers amid rising prices influenced by international tariff policies.
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