The transpacific air cargo sector is facing significant disruption and uncertainty following the suspension of the US’ de minimis tariff exemption for low-value shipments from China. As of early May, shipments valued under USD 800 from China into the US are no longer exempt from import duties. According to Reuters, this policy shift has resulted in a near 30% decline in airfreight capacity between China and the US. Major Asian carriers have been particularly affected, given their reliance on e-commerce shipments from fast-growing retailers.
The removal of the de minimis exemption, combined with the introduction of new tariffs on Chinese imports, has directly curtailed demand. While some capacity has been redirected to other trade lanes, such as North America to South America, to meet seasonal needs, a large share of aircraft remains underutilised.
Although, there has been a temporary easing of tariffs following a recent improvement in US-China trade relations, the longer-term outlook remains uncertain in the absence of restored duty-free access. The air cargo industry continues to navigate a volatile landscape shaped by economic headwinds and growing protectionism and freight operators are seeking alternative strategies. Simultaneously, the European Union is also considering the introduction of a flat fee of EUR 2 on small packages entering the bloc, mainly from China, reported by the Financial Times.
FIATA is monitoring these developments closely and remains committed to supporting its Members as the global trade environment continues to evolve, it said in a communique.