11.26.2024

Like Binoculars!

Do you know who is going to pay for that?

You are.

Companies that import goods from countries like China, Mexico, and Canada will spread the costs of tariffs to a wide range of products, including U.S.-made items. This occurs because higher tariffs on imports can increase overall operational costs, such as the cost of raw materials or components sourced from these countries. To maintain profit margins and avoid consumer backlash, companies will likely raise prices across the board, even on domestically produced goods. Additionally, the interconnected nature of global supply chains means that price hikes on imported materials or parts can lead to increased production costs for U.S.-made products, with businesses likely passing on these higher costs to consumers. For certain goods, there are simply no U.S.-made alternatives for consumers to choose from, leaving them reliant on imports for specific items, which can further amplify the impact of tariff-driven price increases.

For binoculars priced under $500, nearly all are made in China, with around 80-90% manufactured there. Additionally, no binoculars are made in the U.S. While some premium brands may have their high-end models produced in countries like Japan or Germany, the bulk of binoculars in the under-$500 range come from China due to lower production costs and established manufacturing infrastructure.