What's The Beef? The Declining American Leather Industry
Taylor Weidman /Getty Images/Bloomberg Creative
In 2014, the leather industry reached an all-time high. Leather producers were able to charge high prices for their finished goods. But the high cost of leather had unintended consequences as cheaper synthetic products entered the market, which led to the downfall of the real product.
Five years on, the leather industry has not recovered. And the trade war with China is not helping. Is the American leather industry disappearing?
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