Our Latest Issue
Air cargo continues to face strong headwinds from the intensifying trade war between the US and China, as well as weakness in some of the key economic indicators and rising political uncertainties worldwide. Global trade volumes are 1% lower than a year ago, according to IATA.
The US and China are recording pronounced losses and sharply declining trade volumes. In the United States, the trade war has brought struggles for farmers and manufacturers and higher prices for consumers. In other countries it has also caused economic damage, though some countries have benefited from increased manufacturing to fill the gaps. It has also led to stock market instability. The governments of several countries, including China and the United States, have taken steps to address some of the damage.
The trade war has caused a significant deterioration in China–United States relations as the countries exchanged tit-for-tat tariffs for over a year, with ...