US air cargo in India decreases by 14 % after the customs tariff

The effect of the customs tariff imposed on us on Indian goods has become now visible in the air freight sector, as its sizes decreased by 14 % per week from 1 to 7 September, after the higher customs duties entered August 27, according to the latest weekly numbers and analyzes of global market data.

India and the United States are scheduled to resume personal trade talks in New Delhi on September 16th, the first after imposing higher tuition fees on India on the purchase of Russian oil. The high -level delegation in the United States is led by Brendan Lynch, the assistant of the American commercial actor in South and Central Asia.

India to the United States of America, the United States’ air crises have increased, on an annual basis (YOY), in recent months, in part due to pressure on US importers to search for alternatives to Chinese suppliers. But India to the United States of America decreased slightly in the first half of last month after Washington imposed a 25 % “mutual” tariff on imports from India from August 7.

After US President Donald Trump announced in early August an increase in the tariff for the import of India from 25 % to 50 % from August 27, to punish India to buy Russian oil, the air freight colors in India increased to 28 %, a week per week (WO), (18 to 23 August), where Shibs tried to rush the deadline.

In contrast, the sizes of air cargo from India to Europe are steadily rising in the past three weeks, taking them by 8 % of the same period last year. The sizes of Sri Lanka to the United States have increased significantly since the beginning of August, with 13 % higher than the equivalent week (1 to 7 September) last year, based on more than 500,000 weekly transactions covered by WorldADACD data.

Immediate prices from India to the United States also decreased to less than 4 dollars for the first time in several months, to $ 3.99 per kilo, about 22 % lower than its high levels last year.