Leather exporters face major setback as US tariffs hit 80% export-reliant industry

Indian leather exporters are facing serious challenges after the United States imposed steep tariffs on Indian goods, hitting an industry that depends on exports for 80 per cent of its business. It will cause a huge loss to the leather industry. We will not be able to export goods and products. There is only 20% consumption of leather products in India; the rest of the business is completely international. Now, the orders will be given to Bangladesh, Vietnam and Pakistan instead of India," he said. Another exporter, Mohd Shamim Azad, said the new tariffs will increase costs, leading to cancellations of existing orders and serious consequences for the wider economy.