Tue Mar 12, 2019, 10:46 AM

US-China trade tensions to hammer air cargo: industry body

Trade tensions between the US and China will hammer air cargo this year, an industry body warned Tuesday, the latest sign the tariff slugfest is damaging the global outlook.

The world's top two economies have been locked in a trade war since last year, swapping tit-for-tat duties on hundreds of billions of dollars worth of goods and sending markets into a tailspin.

The fallout has gone far beyond their shores, with manufacturing in many export-dependent Asian economies taking a hit.

In the latest sign of the dispute's effects, the International Air Transport Association (IATA) sharply cut its forecast for air cargo growth this year, citing US-China tensions as a major factor.

Good. Air freight emits more CO2 per ton mile than container ships or rail.

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