Trump’s EU travel ban could raise costs for healthcare, electronics and luxury goods — Panjiva
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Trump’s EU travel ban could raise costs for healthcare, electronics and luxury goods

Cons. Discr. - Apparel 531 Cons. Discr. - Retailing 519 Coronavirus 511 European Union 882 Health Care 363 Industrials - Aero/Defense 204 Info Tech - Tech Hardware 866 Mode - Airfreight 182 U.S. 5404

The decision by the Trump administration to ban passenger travel from the EU and U.K. to the U.S. could cut the capacity available to carry freight in the holds of passenger jets. Panjiva’s analysis shows airfreight accounted for 16.8% of U.S. imports from the EU in 2019 after growth in those imports of 6.9% year over year. While dedicated freighters mitigate the potential damage, the loss of passenger jets could still require a shift to seaborne shipments or increased logistics costs as passenger jets are retasked for cargo flights, as Delta Airlines is reportedly doing. The la...

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