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@ Yahoo! Finance - by layer3.news
2025-05-17 13:59:15
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✍️ Air freight capacity between China and the US dropped by almost a third after a tax-free exemption for low-value items was removed, affecting Asia's major airlines.
👉 Air freight capacity between China and the US dropped by almost a third after the tax-free exemption was removed
👉 Low-value e-commerce shipments made up 55% of goods shipped from China to the US by air in 2022
👉 Airlines such as Cathay Pacific, China Southern, and Korean Air have profited from booming e-commerce volumes
👉 The removal of the tax-free exemption may lead to a shift towards shipping products in bulk via sea instead of individual shipments by plane
#LisaBarrington #MarcoBloemen #GohChoonPhong #Seoul #China #US #HongKong #Vietnam #SouthKorea #Mexico #LatinAmerica #Singapore #business
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