Tire prices set to tip the scales


If you're kicking around buying new tires, you'd better make up your mind quickly. That's because if you wait too long -- until January -- it can wind up costing you quite a bit extra.

A new 35% tariff on Chinese-made car and light truck tires being imposed by the Obama administration is forcing wholesalers to raise prices on tires sold to retailers, who are sure to pass that "extra" onto consumers. How much extra?

Some say even the most affordable tire will cost about $50 more. Brand name ones are expected to jump as much as $80 per tire.