Essentially the full cost of the tariff would be passed along to consumers, to the tune of $38 extra per Instant Pot.
The company that makes the Instant Pot said it was unaware of a domestic producer of electric multi-cookers and that there are “no other viable options” for shifting production to another country. The price of the popular Instant Pot would increase nearly $38 to $187.44 if the latest proposed 25% tariff on Chinese imports goes into effect, parent company Corelle Brands LLC said in a letter to the U.S. trade representative. That means essentially the full cost of the tariff would be passed along.
Corelle, which makes Pyrex and other kitchen products, agreed to merge with Instant Pot’s owner, Instant Brands Inc., earlier this year.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brain-Eating Amoeba Tied to Tap Water in Neti Pot
Read more »
California to illegal pot shops: We're coming for youCalifornia is planning to intensify its enforcement against the state's thriving illegal marijuana market, including launching an ad campaign Friday that urges consumers to seek out licensed shops with safe products. 'We are going to start having a more aggressive enforcement stance to come
Read more »
Oregon has too much cannabis. Two laws may help the state manage its surplusOregon has a huge surplus of legal cannabis — more than its 4 million residents would ever be able to smoke. Lawmakers hope to tackle the issue with a bill curbing excess production and another seeking to establish markets to funnel excess weed into.
Read more »
United States of WeedCurious about the status of cannabis? Here’s a map of where marijuana legalization stands across the country — and a deeper look into some places with disparate approaches to pot
Read more »