Start hoarding Instant Pots before they get sucked into the U.S.–China trade war
Everyone’s favorite pressure cooker could be a casualty in the U.S.-China trade war that’s been ongoing since 2018. The Instant Pot would see a price hike of nearly $38 if the latest proposed 25 percent tariff on Chinese imports goes into effect,. That would bring the final sticker price of the most expensive version up to $187.
Corelle, Instant Pot’s parent company, argued in a letter to the U.S. Trade Representative that there are “no other viable options” for shifting production to another country, and that the multi-cookers should be exempt from tariffs because they don’t use intellectual property that’s in danger of being stolen by the Chinese government. “The Chinese government is not interested in Corelle’s technology,” said the company.
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