"The Trump administration's recent change to import tax rules has triggered a slump in air cargo shipments from China, which might see a further decline of 30-40%."
"The de minimis exemption allowed Americans to buy goods worth less than $800 from China without taxes, but such items will now face tariffs up to 145%."
"Air cargo traffic from China to the U.S. had already decreased by about 16% compared to last year, signaling significant operational shifts for airlines."
"With the shift in U.S. demand, planes that used to fly U.S.-China routes are being repurposed to serve other markets that are experiencing growth, like Latin America."
Recent changes in U.S. import tax regulations have led to a slowdown in air cargo shipments from China, as the de minimis exemption permitting tax-free purchases under $800 has been eliminated. Experts predict a dramatic decrease, potentially between 30% to 40%, in air cargo from China in the upcoming weeks. With air cargo traffic already down by 16% year-over-year, airlines are rerouting their planes to more profitable markets in Latin America, indicating a significant shift in logistics strategies.
Read at www.nytimes.com
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