Air freight costs surge as Trump tariffs trigger rush to fly in goods

Air freight costs surge as Trump tariffs trigger rush to fly in goods

Price of sending products to the US from China has climbed 37% since start of March

Global air freight demand dips for first time since mid-2023 - The Arabian Stories News

Muscat: Measured in freight tonne kilometers (FTKs), total global demand slipped by 0.1% compared to February 2024, when it had seen a modest 0.4% growth. Meanwhile, available capacity—measured in available cargo tonne kilometers (ATKs)—also edged down by 0.4%, following a 1.1% increase the year before. Willie Walsh, IATA’s Director General, attributed the softening of air freight activity to a combination of factors, including Chinese New Year …

Air freight from China to the US has skyrocketed amid Trump tariffs - FTExporters from China are paying almost 40% more to ship goods to the US because of Trump's new tariffs. The market is bracing for a "seismic shake-up" after the removal of exemptions for small shipments.

Tariffs and de minimis set air freight rates on a volatile course - The Loadstar

Airfreight rates are climbing as shippers rush to move goods before a  potential trade war and removal of the US de minimis exemption – but beware a possible rate collapse.   Despite “volatile and fractious” markets in March, global air freight rates have been stronger again since last month, according to data recorded by TAC Index. Its global Baltic Air Freight Index gained 7.1% over the four weeks to 31 March, ... The post Tariffs and de minim…

Air freight costs surge as Trump tariffs trigger rush to fly in goods – Sky News: The Latest News from the World

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The cost of flying goods to the US has surged as businesses rush to get products into the country before they are hit by President Donald Trump’s sweeping tariffs. Exporters from drugmakers to […]

The Trump administration has imposed new tariffs on trading partners from 70 countries around the world. Among them is the Republic of Moldova, which will pay 31 percent tariffs on all goods exported to the United States. In the absence of agreements, the new American tariffs will take effect next week. The government in Chisinau says it will intervene to help affected entrepreneurs who export products to the United States.