EU de minimis removal hits China low-value parcels; Hong Kong–Europe air tonnages drop 20%

Summary

The EU's July 1 removal of the €150 de minimis threshold is cooling cross-border e-commerce air freight. China's low-value exports fell 7% year on year in May, the sixth straight decline, while Hong Kong–Europe tonnages dropped about 20% over three weeks as the B2C parcel engine stalls.