US plans next month to cancel tariff-free access for low-value parcel shipments from China and Hong Kong, coupled with a new 145 per cent tariff rate on Chinese imports, could bleed more than US$22 billion in revenue from the air cargo sector over three years. They could also put thousands of online sellers with direct-to-consumer fulfilment models out of business, according to an e-commerce and logistics consulting firm, reports New York’s FreightWaves. Derek Lossing, the founder of Cirrus...