{"id":57440,"date":"2025-11-04T08:20:15","date_gmt":"2025-11-04T07:20:15","guid":{"rendered":"https:\/\/www.aplf.com\/2025\/11\/04\/impact-of-tariffs-report-shows-u-s-tariffs-may-cut-indian-leather-industry-revenue-by-up-to-12\/"},"modified":"2025-11-04T08:20:43","modified_gmt":"2025-11-04T07:20:43","slug":"impact-of-tariffs-report-shows-u-s-tariffs-may-cut-indian-leather-industry-revenue-by-up-to-12","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hant\/2025\/11\/04\/impact-of-tariffs-report-shows-u-s-tariffs-may-cut-indian-leather-industry-revenue-by-up-to-12\/","title":{"rendered":"Impact of Tariffs &#8211; Report shows U.S. tariffs may cut Indian leather industry revenue by up to 12%"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"57440\" data-post-id=\"57440\" data-obj-id=\"57440\" class=\"elementor elementor-57440 dce-elementor-post-57440 elementor-57415\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: left;\">4 November 2025<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eaeb41 elementor-widget elementor-widget-heading\" data-id=\"0eaeb41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Impact of Tariffs - Report shows U.S. tariffs may cut Indian leather industry revenue by up to 12%<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83f03fb elementor-widget elementor-widget-image\" data-id=\"83f03fb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"540\" height=\"359\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/11\/image.jpeg\" class=\"attachment-full size-full wp-image-57418\" alt=\"\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/11\/image.jpeg 540w, https:\/\/www.aplf.com\/wp-content\/uploads\/2025\/11\/image-500x332.jpeg 500w\" sizes=\"(max-width: 540px) 100vw, 540px\" style=\"width:100%;height:66.48%;max-width:540px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69319ee elementor-widget elementor-widget-text-editor\" data-id=\"69319ee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>India\u2019s leather and allied products sector could see revenues fall by 10\u201312% this financial year due to new U.S. tariffs, according to a report from Crisil Ratings. By <a href=\"https:\/\/internationalleathermaker.com\/\" target=\"_blank\" rel=\"noopener\">ILM<\/a>.<\/p><p><br>The U.S. has imposed a total 50% tariff on Indian leather exports, which is made up of a 25% reciprocal duty plus an additional 25% penalty linked to India\u2019s purchase of Russian oil. Crisil said the higher duties have triggered order cancellations and factory shutdowns, especially among small tanneries and exporters focused on the U.S. market. <\/p><p><br>Exports account for around 70% of India\u2019s INR560 billion (US$6.38 billion) leather industry, with the U.S. making up 22% and the European Union over 50% of overseas sales. The report noted that competing exporters such as Vietnam, Italy, Cambodia and France face lower U.S. tariffs of 15\u201320%, bludgeoning India\u2019s competitiveness. <\/p><p><br>\u201cRevenue will be hit harder as the bulk of exports to the U.S. is of finished leather products such as shoes and leather accessories, which fetch higher realisations,\u201d said Jayashree Nandakumar, Director, Crisil Ratings.<\/p><p><br>Crisil estimates export revenues will drop 14\u201316% to between US$3.9 billion and US$4 billion this year, as average realisations on finished products are about 14\u201315% higher than the overall export basket.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-8442ae9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8442ae9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fadf586\" data-id=\"fadf586\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>4 November 2025 Impact of Tariffs &#8211; Report shows &hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hant\/2025\/11\/04\/impact-of-tariffs-report-shows-u-s-tariffs-may-cut-indian-leather-industry-revenue-by-up-to-12\/\">\u95b1\u8b80\u5168\u6587 <span class=\"screen-reader-text\">Impact of Tariffs &#8211; Report shows U.S. tariffs may cut Indian leather industry revenue by up to 12%<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":57418,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-57440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news-tc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Impact of Tariffs - Report shows U.S. tariffs may cut Indian leather industry revenue by up to 12% - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hant\/2025\/11\/04\/impact-of-tariffs-report-shows-u-s-tariffs-may-cut-indian-leather-industry-revenue-by-up-to-12\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact of Tariffs - Report shows U.S. tariffs may cut Indian leather industry revenue by up to 12% - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"4 November 2025 Impact of Tariffs &#8211; 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