Tariff Quote Watch: Cooper Tire Bounces Back After Tariff-Linked Impairment — Panjiva
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Tariff Quote Watch: Cooper Tire Bounces Back After Tariff-Linked Impairment

China 1758 Cons. Discr. - Autos 661 Indonesia 48 Tariff Quote Watch 91 Tariffs 1169 U.S. 3297

Cooper Tire included a $34 million goodwill impairment in its 4Q 2018 earnings. That was the result of a truck and bus tire import duty applied to Chinese tire exports by the U.S. CEO Bradley Hughes has stated there “will be pricing actions to help offset the cost of tariffs” though the impact may still drag on 1Q 2019 earnings. The firm also faces ongoing tariff risks on its Chinese exports more broadly as well as the section 232 review of the automotive industry. In the meantime Cooper has not yet radically changed its U.S. supply chain. Its seaborne imports fell just 1.5% ...

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