Leica was one of the first major camera manufacturers to announce a price increase, but when the rate of tariffs dropped, the list prices adjusted along with the tariffs. Now, the European Union has agreed to a 15 percent tariff on goods imported into the US, a rate that’s higher than the 10 percent tariff pause but half of the threatened 30 percent tariff if an agreement wasn’t reached before August 01.
On Sunday, July 27, US President Donald Trump announced that the US and EU had reached a tentative agreement setting tariffs on goods imported to the US at 15 percent. The tariff applies to “most” imports, including semiconductors, but full details on the agreement have not yet been released. While that number is higher than the temporary 10 percent tariff pause, the number is half what Trump threatened to impose beginning August 01 if an agreement wasn’t reached.
