Primus In News
Trump tariffs: Exporters in Kolkata mull ‘Made in Europe’ tag for leather exports
22-08-2025
Kanishk Maheshwari, Co-founder & Managing Director, Primus Partners, highlights that nearly half of India’s leather exports to the US are footwear, valued at around $500 million in 2024–25. A sudden hike in US tariffs on Indian footwear from 5–8% to 50% is set to significantly raise retail prices, making Indian products less competitive compared to those from Vietnam, Indonesia, and China. With only India and Brazil facing the steep 50% duty, he said that this move could severely impact India’s already small 1% share in the $100 billion US leather import market.
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