In Could, we reported that Canon had warned it could want to lift its costs within the U.S. Sadly, it appears to be like like that day has arrived. A number of of the corporate’s merchandise have seen huge will increase on the retail stage.
What did Canon say?
Canon printed the superior discover of value will increase in a abstract of questions and solutions following its 2025 first quarter Analyst Assembly. The corporate defined that the worth rises solely impacted the U.S. and had been as a result of tariffs launched by President Trump. Nevertheless, Canon additionally stated that it had stock that was imported earlier than the tariff fee elevated. Consequently, the corporate predicted that “the affect of tariffs will primarily happen from the latter half of the 12 months.”
New costs
It’s not simple to get a full image of the upper costs, as Canon typically runs promotions and different reductions. Nevertheless, these are a few of the will increase now we have seen on Canon’s mirrorless cameras.
Canon EOS R3 – This digicam has jumped in price from $3,999 to $5,399, an eye-watering $1,400 (35%) value hike.
Canon EOS R1 – The flagship R1 mirrorless digicam is up $500 to $6,799 (round 8% improve)
Canon EOS R6 Mark II – The price of the R6 Mark II has risen from $1,999 to $2,199. Nevertheless, this might be as a result of elimination of a $200 low cost provide, somewhat than a tariff-driven value improve.
Canon EOS R5 Mark II – On the time of writing, the R5 Mark II remains to be out there at its launch value of $4,299, however once more a $200 financial savings promotion has ended.
Lens value will increase
It’s not simply Canon’s digicam our bodies which have been hit with value rises. Lots of the firm’s lenses will now price you extra to purchase.
Canon RF 24-105mm f/4 L IS USM – This lens now retails at $1,399, a rise of $100 (up 7.8%).
Canon RF 70-200mm f/2.8 L IS USM – At $2,999, you might be paying $200 (7.1%) various weeks in the past.
Canon RF 100-400mm f/5.6-8 IS USM – This lens has gone from $649 to $699, costing $50 (7.7%) extra.
Canon RF 100-300mm f/2.8 L IS USM – Canon’s flagship zoom lens is as much as $10,199, $700 (7.4%) dearer than its earlier checklist value.
What we expect
Canon has now joined ASUS, Fujifilm, and Sigma is succumbing to the affect of the U.S. tariffs launched by President Trump. The one excellent news is that, aside from the EOS R3, Canon has managed to maintain the present rises beneath the complete 10% of the tariff. Nevertheless, it’s not clear whether or not the corporate remains to be promoting off inventory imported earlier than the tariffs had been imposed. Due to this fact, cameras such because the R6 Mark II and R5 Mark II could but get dearer. As well as, the tariffs are at present set to rise once more in early July, which might carry extra hardship to U.S. customers.
