Tariff Quote Watch: Cooper Tire Rolls Tariffs Into Higher Prices — Panjiva


Tariff Quote Watch: Cooper Tire Rolls Tariffs Into Higher Prices

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

U.S. tariffs on imports of Chinese tires have led to price increases for consumers, Cooper Tire’s CEO Bradley Hughes has indicated. That’s been implemented by “several industry peers” too. The company faces two risks going forward that may require a more radical solution. The firm faces a mixture of higher tariffs on Chinese exports and the Trump administration’s section 232 “national security” review of the automotive industry. Despite the price rises the company has already started scaling back its imports from China, shown by a 28.8% drop in September vs. a year earlier compared to a ...

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