Trade

Episode 467: Tires, Taxes And The Grizz

But is it imported?

hide captionBut is it imported?

Josh Kenzer/via Flickr

The price of tires has risen by about 40 percent in the past five years. That's partly because rubber prices have gone up. But it's also due to a tariff the U.S. imposed on Chinese tire imports.

As tire prices have risen, more people have been renting tires rather than buying them outright. And renting tires, it turns out, is often a bad deal in the long run.

On today's show: How a celebrated attempt to help one group of people ended quietly hurting a much larger group. Also on the show: The Grizz.

For more, see our story Why More People Are Renting Tires. And see the paper we mention on the show, U.S. Tire Tariffs: Saving Few Jobs at High Cost. Music: Karmin's "I Told You So" Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: