Tariffs and enhanced tax enforcement are going to raise the price of the gear you use every day to make your films.
The possibility of increased costs for indie filmmaking has been percolating in the back of our minds recently. This morning, that possibility exploded loudly with this announcement arriving from display company Flanders Scientific:
Proposed tariff increases, if enacted, may result in a global price increase on most FSI products. At this time FSI is not adopting any price changes, but we may be required to do so as early as mid-June if a tariff increase is confirmed.
While we will make every effort to provide additional details on the amount and specific timing of price increases ahead of time, this may be difficult depending on timing and nature of tariff increases. Any paid orders received ahead of a potential tariff increase will be honored at that price, even if the item is currently out of stock. Please plan accordingly and note that quotes produced by FSI starting today will have a more limited than normal validity period until the uncertainty behind these potential tariff increases is resolved.
The trade war that has been simmering between the U.S. and China is about to expand significantly if the recently announced U.S. tariffs go into effect next month. Of interest to filmmakers are the new 25% tariffs announced by the U.S. government this week that apply to a broad range of imported products. These new tariffs are in addition to raising the rate for products currently under tariff from 10% to 25%. The new tariffs apply to a broad range of products imported from China, including photographic equipment and other electronics. See more at NoFilmSchool.