Nikon adjusted list prices on a long list of lenses at the start of the summer, compensating for higher tariff costs in the US. But, since that initial lens price jump, new trade deals have set tariffs at higher rates and settled some of the uncertainty in the industry. The question is, now that the US has reached a trade deal with Thailand, where Nikon manufactures cameras, will the cost of Nikon gear in the US increase again – and will that increase include camera bodies this time?
Last week, Thailand and the US reached an agreement to set the tariffs on US imports at 19 percent. Prior to the agreement, the rates had been temporarily paused at 10 percent, but the US threatened rates as high as 36 percent for Thailand. Nikon manufactures much of its current catalog in Thailand, a list that includes all mirrorless bodies, a significant chunk of the Z mount lens catalog, and some DSLRs and F-Mount lenses. Japan, which now faces a 15 percent tariff rate, and China are also home to some Nikon manufacturing.
