New Trade Rules Set to Disrupt Global Air Freight ...Middle East

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New Trade Rules Set to Disrupt Global Air Freight
source : OILPRICE ( Middle East ) () 118
By Eric Kulisch of FreightWaves U.S. plans next month to cancel tariff-free access for low-value parcel shipments from China and Hong Kong, coupled with a new 145% tariff rate on Chinese imports, could bleed more than $22 billion in revenue from the air cargo sector over three years and put thousands of online sellers with direct-to-consumer fulfillment models out of business, according to an e-commerce and logistics consulting firm.  Derek Lossing, the founder of Cirrus Global Advisors, has previously said the Trump administration’s…

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