NEW YORK -- Airfreight groups and airlines have begun canceling flights from China to the U.S., expecting business to drop off with the end of the American "de minimis" exemption that gave duty-free treatment to low-value parcel shipments from mainland China and Hong Kong.
Trump tariffs
Demise of 'de minimis' sparks China-to-US airfreight cancellations
Rates for flying goods expected to drop as demand weakens for cheap imports
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Cathay Pacific is racing to adjust its cargo strategy to the Trump administration's tariffs. © Reuters
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