Airfreight rates could plummet – along with demand – following the US suspension of the exemption for de minimis goods.
Over the weekend, the Trump administration, in addition to adding tariffs to goods from Canada, Mexico and China, suspended access to Section 321 customs de minimis entry process for shipments under $800 from those countries – often ecommerce packages.
According to US Customs & Border Protection, it processed some 4m de minimis shipments …
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