Plunge in small parcels takes toll on air shipments

Trump's Decision To End Tax-Free Loophole For Low-Value Goods From China Leads To A Sharp Decline In Air Cargo Shipments - PDD Holdings (NASDAQ:PDD)

The U.S. ended the tax-free exemption for low-value goods from China in early May, leading to a decline in air cargo shipments.

Air Cargo From China to US Sinks After End of Tax Loophole

Closure of the 'de minimus' loophole on small parcels has led to a double-digit drop in the amount of air cargo being flow from Asia to the US

Plunge in small parcels takes toll on air shipments

The volume of air cargo shipments from Asia has declined by double digits since the United States cancelled a tax-free exemption for low-value packages from China early in May, trade groups and analysts said. Air cargo demand from Asia to North America declined 10.7 percent in May versus the same month a year earlier, data from the International Air Transport Association showed, illustrating "the dampening effect of shifting US trade policies," …