Market Intelligence—11.11.25
Geopolitics continues to play a decisive role in developments along the leather pipeline. US trade policy is increasingly focused on relations in Asia, while relations with Europe continue to cool in many respects. Even if tariffs between the EU and the US are not currently in the news, trade relations remain complicated and difficult, particularly for those European exporters that have to maintain a significant market presence in the US. Not every company can comply with the wish of the US president and establish production facilities there.