Tariffs Hit the Hide Market
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.
Want more news on this topic? Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!