Reported about 12 hours ago
The cancellation of the tax-free exemption for low-value goods from China has led to a significant decline in air cargo shipments to the US, with a 10.7% drop in May year-over-year. This change, which imposes tariffs as high as 145% on e-commerce shipments, caused a 43% decrease in these low-value air shipments in May alone. Businesses are now shifting focus to markets like Europe and Southeast Asia as they navigate the evolving US trade policies.
Source: YAHOO