The leather goods industry in the USA is facing rising costs due to tariffs imposed by the Trump administration, affecting shelf prices and the production chain.

The leather goods industry in the United States is facing a significant increase in costs due to new tariffs imposed by the Trump administration on imports. Shelf prices have risen, and products made after the introduction of the tariffs are more expensive, with estimates that prices will remain 22% higher in the next two years.

The global production chain has been affected, and companies that have tried to move production to avoid the taxes have encountered blockages. Additionally, the industry is facing a shortage of raw materials, as the cattle stock in the U.S. has drastically decreased, leading to a limited supply of hides. Even synthetic alternatives are affected by price increases, and consumers will bear these costs in the short and medium term.