RANCHO CUCAMONGA, Calif. (Sept. 23, 2009)—Kumho Tire USA Inc. will raise prices up to 12 percent on select products in response to what it called the market pressures created by the recent tariffs on Chinese-made tires.
The effective dates for Kumho's increase will be Sept. 26 for limited patterns and Oct. 1 for the remainder of the products.
“It is Kumho's goal to minimize the impact of this imposed tariff on our customers and ultimately the consumer,” said J.B. Kim, president and CEO of Kumho Tire USA.