Hankook Tire reported a 22% drop in earnings and 2.7% slide in revenues year over year in 2019, citing weak demand and uncertainties about the trade war. North American revenues fell by 4.5% year over year in Q4 and come alongside a 36.3% year over year drop in U.S. seaborne shipments linked to the firm in the same period. The slide has likely continued into the new year with imports in the three months to Jan. 31 having declined by 37.0%. By contrast Hankook’s competitor Sumitomo has increased shipments by 17.3% while Kumho Tire and Toyo Tire have held station. Flooding in Indonesia in ...