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US Removes Tariff Exemption for Low-Value Parcels from CN; Air Freight Demand from Asia to North America Tumbles 10%+ YoY in May
According to data from the International Air Transport Association, air freight demand from Asia to North America fell by 10.7% YoY in May, Reuters reported. Analysts attributed th...
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US Removes Tariff Exemption for Low-Value Parcels from CN; Air Freight Demand from Asia to North America Tumbles 10%+ YoY in May
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According to data from the International Air Transport Association, air freight demand from Asia to North America fell by 10.7% YoY in May, Reuters reported. Analysts attributed this to the impact of the US canceling the tariff exemption policy for low-value parcels from China.

The report also cited air freight consultant Aevean estimating that low-value e-commerce shipments from China to the US sank by 43% MoM in May, while shipments to other major export markets in Europe and Southeast Asia increased.

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Aevean stressed that it was still unclear whether the nosedive has continued as the US subsequently lowered tariffs on related parcels from China.

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