Indian Leather Exporters Pivot to Russian and African Markets Amid 50% US Tariff Shock
India’s leather industry, valued at over $4.1 billion annually, is undergoing a strategic shift as exporters grapple with a steep 50% tariff imposed by the United States on leather and footwear imports. With nearly 20% of India’s leather exports previously destined for the US, the sudden escalation in duties has triggered urgent efforts to diversify…