Retail

Cooper will raise truck tire prices

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Cooper Tire & Rubber Co. will hike its radial medium truck tire prices 5% on July 1.

The increase includes all brands and lines, according to a Cooper spokesperson.

It is "driven by rising costs of raw materials, fuel and transportation."

Earlier this month, Kumho Tire USA Inc. announced it will raise its truck tire prices by 3%, effective July 1.

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