Blackmagic Design says tariffs have made camera price hikes ‘unavoidable’
1 min read
Summary
Blackmagic Design, an Australian company that produces cameras, was looking to open a production line in the US but has put those plans on hold.
This comes after the Trump administration’s tariffs on imported goods, which have added extra costs for the company as many of its suppliers are based in the US but import their materials from overseas.
If Blackmagic were to open a factory in the US, they would then have to pay tariffs on goods, which would increase costs rather than saving money, as originally hoped.
The company has already had to put up prices on its products in the US, which has resulted in complaints from customers, while consumers in other countries have not been affected as their prices have remained the same.
Blackmagic has moved production to other countries to mitigate the impact on its customers, and is waiting to see if the supply chain improves in the US before proceeding with any investment plans.