News / US Customs chaos means 'more downside risk than upside potential' for air cargo

Air cargo growth rate forecasts have been slashed, owing to the weaker economic outlook and the impact of tariffs and de minimis ban. 

As the 2 May deadline for the end of the de minimis exemption for China approaches, the outlook is bleak. In January, Trade Data Service’s forecast was for growth of between 3.5% and 7.4% in air cargo; that has been cut to between –0.1% and 0.7%.  

“This is driven by a weaker economic outlook globally, as well the ...