Canon , Nikon , and Sony raised prices during the tariff period, citing increased costs. Now that the Supreme Court has invalidated the IEEPA tariffs and US Customs has opened a refund process for at least some affected importers, the photography community deserves transparency about whether companies will seek refunds and, if they do, whether any portion will flow back to customers who paid higher prices. The situation is more complex than it might first appear. Canon estimated that tariffs cost the company roughly $294 million in the second half of 2025 alone. Sony saw a $682 million decrease in operating income due to them. Nikon, Sony, and Fujifilm all raised prices during this period, in some cases by double-digit percentages, with tariffs widely cited as a major reason.…