Tariffs Hit the Hide Market

Tariffs Hit the Hide Market
Mark Jones / CC By 2.0

The U.S.-China tariff tit-for-tat continued several weeks ago when China imposed another $60 billion in tariffs on U.S. exports, after the U.S. slapped tariffs on an additional $200 billion worth of Chinese goods. U.S. hides were among the casualties of this most recent round.

With a massive leather goods production industry, China is by far the largest importer of hides and skins in the world. Over half of U.S. skin and hide exports go to China.