US-India trade: Tariffs to hit leather sector; Kolkata exporters pondering ‘Made in Europe’ question
India's leather industry, a significant exporter to the US, faces a severe crisis due to newly imposed tariffs. The 25% duty on Indian leather imports, compounded by tariffs related to Russian oil purchases, threatens competitiveness. Exporters are exploring strategies like partial European production, while industry leaders urge government intervention to mitigate the impact and maintain market share.
India's leather industry, a significant exporter to the US, faces a severe crisis due to newly imposed tariffs. The 25% duty on Indian leather imports, compounded by tariffs related to Russian oil purchases, threatens competitiveness. Exporters are exploring strategies like partial European production, while industry leaders urge government intervention to mitigate the impact and maintain market share. What's Your Reaction?
