‘Global air cargo sector awaits impact of tariffs: Xeneta

According to industry analysts Xeneta, “Global air cargo volumes grew over 4 per cent year-on-year in April but with today’s removal of the de minimis threshold for shipments from China into the United States expected to dramatically disrupt e-commerce volumes in the coming weeks and massive uncertainty hanging over the macroeconomic outlook, the question for the air cargo market in 2025 has become ‘how bad will it be?’ Over the past 10 years, US consumers have paid no duty on shipments valued at $800 or less, causing the volume of cross-border packages into the US to soar to some 1.35bn annually. Similar (but lower) exemptions exist in other countries. From today (May 2), however, low-value products sourced from China and Hong Kong into the US will now be subject to 145% new tariffs, with products sourced from postal services paying a different 120% duty on the value of the goods or a $100 flat fee, rising to $200 on June 1.”