Increase in tariffs resulting in significant price surge for Canon cameras, with mirrorless and compact models jumping up to $500.
Canon's long-awaited price hike in the states has finally gone into effect, and it ain't pretty – some cams have shot up by several hundred bucks in just a week! From the compact Canon EOS V1 to the fancy-schmancy R1 mirrorless kingpin, prices have climbed by around 7-10%.
The cream of the crop—the R1 and R3—are feeling the burn the most, as the R1 now sets you back a cool $6799 (up by a solid $500), and the R3 is now $5,399 (which is $400 more). It's a tough pill to swallow, especially considering the older R3 recently saw a $1,000 price cut in the US. Without Canon's usual holiday sales to cushion the blow, it feels rough.
Observe that a solitary camera—the EOS R5 C—still remains at its launch price, albeit with a $500 temporary discount, charmingly branded as a "discount". You might as well sneeze and call it a sale, Canon.
The list of price-escalated cameras includes:- Canon EOS R1 (was $6,299, now $6799)- Canon EOS R3 (was $4,999, now $5,399)- Canon EOS R7 (was $1,499, now $1,799)- Canon EOS R8 (was $1,499, now $1,599)- Canon EOS R50 (was $679, now $759)- Canon R50 V (was $649, now $699)- Canon EOS R10 (was $979, now $1,049)- Canon EOS R100 (was $479, now $529)- Canon PowerShot V1 (was $899, now $979)- Canon PowerShot V10 (was $429, now $469)
It's important to note that not all Canon cams are feeling the heat. A few older models are keeping it cool, weighing in at their original prices. For instance:- Canon EOS R5 C (was $4499, now $3,899)- Canon EOS RP (was $1,299, now $1,099)- Canon EOS R6 Mark II (was $2,499, now $2,199)- Canon EOS R5 Mark II (was $4,299, still pollution-free at $4299)
Lenses, too, have inhaled a lungful of this tariff-scented breeze, experiencing similar percentage increases – from the budget 50mm Canon RF 50mm f/1.8 STM (was $199, now $219) to the workhorse Canon RF 24-70mm f/2.8L IS USM (was $2,299, now $2,599).
Canon previously cautioned users that increased US tariffs would affect pricing, but they remained mum on the magnitude and timing. And you know what they say—silence is golden...unless you're dodging questions about price increases!
Canon's not the only one pondering pricey photo captures – Nikon, Leica, and Sigma have all raised US prices for some of their gear. These tariffs, cooked up by President Trump in April, clearly ain't doing the American consumer any favors[1][2][3][4].
Most of Canon's gear is manufactured in Japan and Taiwan, two territories that face so-called reciprocal tariffs of 24% and 32% respectively. The rates were paused for 90 days, indulging us with a 10% baseline tariff, but after July 9, we might find ourselves staring down the barrel of a 10%, 24%, or a potentially ominous 32% tariff barrel[1][2][4].
The future of US-Japanese-Taiwanese trade negotiations remains unclear, but it's believed that both nations are already in talks with the U.S. and a Supreme Court argument may determine the fate of these tariffs, hinting that they could be paused indefinitely or phased out entirely[3].
Stay tuned for updates on how these tariffs affect camera prices, or browse the best Canon cameras or lenses to see a rosier (and less expensive) side of the photography world.
Resources:[1] https://bit.ly/3TgBZky[2] https://bit.ly/3MxZpjE[3] https://bit.ly/3z5SPCc[4] https://bit.ly/3bajUO9
- News of Canon's price hike has affected various camera models, including the Canon EOS R1 which now costs $6799, an increase of $490.
- The Canon EOS R3 has also seen a price increase, now selling at $5,399, a rise of $399.
- Furthermore, the Canon EOS R8, previously priced at $1,499, now costs $1,599, a marginal increase of $100.
- Deviating from the trend, the Canon EOS R5 C still remains at its launch price of $3,899, albeit with a temporary $500 discount.
- The price surge has similarly impacted Canon lenses, with the Canon RF 24-70mm f/2.8L IS USM now priced at $2,599, an increase of $300.
- Interested parties should keep an eye on the US-Japanese-Taiwanese trade negotiations, as potential changes in tariffs could impact the future pricing of Canon gear and other photography gadgets.
