President Donald Trump has said he plans to implement a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods by Saturday February 1, citing concerns over immigration and trade imbalances.

Fastmarkets’ research team expects these measures to affect the US hide market significantly, with higher import costs and potential disruptions in supply chains. Analysts fear reduced competitiveness for US hide exports as trading partners may turn to alternative markets; the potential for retaliatory tariffs from China adds further uncertainty to the market’s outlook.

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