China devalues the yuan, and its tires
The Chinese economy is slumping. So last week, China devalued its currency -- twice, no less.
Because China has the second largest economy in the world, any currency move it makes is looked upon with extreme interest by economists. Modern Tire Dealer Editor Bob Ulrich also found it interesting.
"I wondered how devaluating the yuan would affect Chinese tire imports in the future," he says. "And I wondered if the moves corresponded to any moves made by our government."
Ulrich shares his findings in "Has China found a way to beat the tariffs?"
Through the first half of 2015, how are the tariffs on consumer tire imports from China affecting your business? Read the blog, then let us know what you think by leaving a comment!