The upcoming U.S. Presidential elections on November 5, 2024, may significantly impact global trade, especially with concerns about potential tariffs on Chinese goods, prompting businesses to expedite shipments. In Indonesia, new President Prabowo Subianto aims to boost economic growth through self-sufficiency and foreign investment. Global manufacturing shows signs of slowdown, with a drop in the PMI index, while air cargo demand peaks amid rising rates, especially for shipments to the U.S. and Europe. Various regions face unique challenges, including tight capacity and high demand in the semiconductor industry.

Source: https://www.stattimes.com/air-cargo/all-eyes-now-on-us-presidential-elections-dimerco-1353631