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Innovative Eyewear, Inc. Highlights Smart Eyewear Competitive Pricing Edge Amid Eyeglass Industry Cost Pressures Due to Tariffs
Prnewswire· 2025-04-23 12:30
Core Insights - Innovative Eyewear Inc. highlights its competitive advantage in the smart eyewear market due to favorable tariff rates compared to traditional eyewear [2][3] Tariff Impact - Smart eyewear products imported from China face an effective duty of approximately 27.5%, while traditional eyewear faces a combined duty of about 155%, creating a price parity opportunity for smart eyewear [2] - The CEO of Innovative Eyewear states that the current tariff situation allows smart eyewear to compete on price with traditional designer eyewear, potentially increasing market demand [2] Market Position - The company emphasizes that the recent tariff exemptions on Chinese electronics position U.S. smart eyewear companies favorably in the market [2] - Approximately 90% of the world's eyewear is manufactured in China, indicating a significant reliance on Chinese production for traditional eyewear [2] Product Offering - Innovative Eyewear develops smart eyewear under various brands, including Lucyd®, Nautica®, Eddie Bauer®, and Reebok®, featuring Bluetooth audio capabilities [3]