The price of the popular Instant Pot would increase nearly US$38 to US$187.44 if the latest proposed 25 per cent tariff on Chinese imports goes into effect, parent company Corelle Brands LLC said in a letter to the U.S. Trade Representative.
The company said the higher prices were “an unfair consequence” of the trade tensions because targeting electric multi-cookers “will in no way assist the USTR in its policy goals against China.” Corelle, which makes Pyrex and other kitchen products, agreed to merge with Instant Pot’s owner, Instant Brands Inc., earlier this year.
The company is joining the chorus of corporate voices that have come out against the tariffs on US$300 billion of goods that could go into effect as early as next month. Corelle 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.
Corelle also argued that its cookers should be exempt from tariffs because they do not use intellectual property that could be stolen by the Chinese government. In fact, some of the intellectual property used to make the cookers is owned by Chinese manufacturers, meaning they wouldn’t need to steal any trade secrets to access it, according to the letter.
Then buy American instead of that cheap crap. Doesn't Canadians pay more to buy and promote Canadian made.
Great! Now my wife can learn how to cook!!!
You’re not making the compelling argument you think you are.
Short term pain 4 long term gain
o god no
Win for US jobs, economy and future stability of the country.
freyburg you got in on the ground floor. Ur gonna be RICH
Fewer will then be sold. Big win for the environment.
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