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.
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