Pre-tariff rush of goods from US to China sees air rates soar, but not for long
Beijing’s decision to impose higher tariffs on US goods has led to a rush of ...
© Ninlawan Donlakkham
By Alex Lennane
Air freight demand is expected to plummet as consumers in Europe and the US are forced to stop buying by shops closing.
The automotive industry has already stopped requesting components as plants have closed; retail has cancelled orders – Bangladesh alone faces cuts in orders for apparel worth $2.67bn.
“Shopping is just not a priority,” said one forwarder. “The only real ...
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