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Trump Tariffs Live: Setback for leather exporters

The Indian leather sector is experiencing significant difficulties following the US government’s implementation of high tariffs on Indian products, severely affecting an industry that relies on international sales for 80 per cent of its revenue.

Industry representatives indicate substantial financial risks, order cancellations and potential business diversions to regional competitors including Bangladesh, Vietnam and Pakistan.

Umakant Dubey, a leather exporter, expressed concerns to ANI about the industry’s vulnerability due to its strong reliance on global markets, stating that major contracts could be lost to competing nations.

“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.

Mohd Shamim Azad, another exporter, highlighted that increased tariffs would result in higher costs, leading to the cancellation of current orders with broader economic implications.

“It will have a huge negative impact on the leather industry in the nation…The businessmen who have got advance orders will be at a loss. Now, the parties (customers) will not take their orders that are being prepared here, as the cost will be high now…It is a big loss for not only the leather industry but also for the whole nation,” he said.