<p><strong>联合包裹</strong> (NYSE:UPS) 刚刚发出警告，全球贸易动荡远未结束。在第三季度的财报电话会议上，首席执行官 <strong>Carol Tomé</strong> 揭示了由于新关税规则生效，该快递巨头的中美贸易线路急剧下降。&#34;我们在第三季度看到该贸易线路下降超过 20%，预计这种情况将持续到第四季度，&#34; Tomé 说道。</p>
<ul>
<li><strong>在这里跟踪 UPS 股票。</strong></li>
</ul>
<h2>关税动荡影响全球贸易流动</h2>
<p>此次干扰的核心是取消了最低免税额豁免——这是一项曾经鲜为人知的贸易规则，允许低价值商品在没有关税的情况下跨境运输。现在，这一取消在运输网络中引发了连锁反应。</p>
<p>&#34;当全球豁免生效时，您可能会看到一些邮政系统，如皇家邮政或德国邮政，停止向美国运输，&#34; Tomé 解释道。</p>
<p>结果是：海关延误和中小型出口商的成本增加。</p>
<p><strong>另请阅读：UPS CEO 承诺将提供史上最有效的假日季，发布强劲展望</strong></p>
<h2>自动化有所帮助，但无法弥补损失</h2>
<p>UPS 一直在加速自动化海关清关，以减轻冲击。需要清关的包裹数量从三月份的每日 13,000 个激增至第三季度的每日 112,000 个。现在近 90% 的包裹都是自动清关的。Tomé 将这一成就归功于 UPS 的大量技术投资。</p>
<p>不过，并不是每个企业都能如此快速调整。&#34;一些中小企业运作良好，能够应对贸易政策的变化，而有些企业坦率地面临挑战，&#34; 她说。</p>
<h2>真正的关税痛苦尚未到来</h2>
<p>Tomé 警告称，2026 年可能会带来更严峻的影响。&#34;我们在密切关注他们……因为明年你将感受到这些关税的全部冲击。&#34;</p>
<p>首席财务官 <strong>Brian Dykes</strong> 也表达了相同的担忧，称这一变化是&#34;一种永久性变化，直到系统稳定下来，新的贸易流动平衡形成。&#34;</p>
<p>UPS 预计关税影响将使第四季度利润减少多达 1 亿美元。或者，正如 Tomé 以其标志性的直言不讳所说：&#34;这很复杂。非常复杂。&#34;</p>
<ul>
<li><strong>沃尔玛的人工智能在你意识到之前就知道你想要什么——广告商对此爱不释手</strong></li>
</ul>
<p><em>照片来源：Shutterstock</em></p>

联合包裹

<p>UPS 报告称，由于新的关税规则，其中美贸易航线下降了 20%，预计这种下降将持续到第四季度。首席执行官 Carol Tomé强调，免税额的取消是导致海关延误和小型出口商成本增加的关键因素。UPS 正在自动化海关清关以减轻影响，但一些企业仍面临挑战。Tomé警告称，关税的全面影响可能要到 2026 年才能显现，这可能导致第四季度利润减少多达 1 亿美元</p>

<p><strong>United Parcel Service Inc</strong> (NYSE:UPS) just delivered a warning that global trade turbulence is far from behind us. During the third-quarter earnings call, CEO <strong>Carol Tomé</strong> revealed that the courier giant's China-to-U.S. trade lane fell sharply as new tariff rules took effect. &#34;We saw an over 20% decline in that trade lane in the third quarter and expect that will continue into the fourth quarter,&#34; Tomé said.</p>
<div class="lb-trans"><p><strong>联合包裹</strong> (NYSE:UPS) 刚刚发出警告，全球贸易动荡远未结束。在第三季度的财报电话会议上，首席执行官 <strong>Carol Tomé</strong> 揭示了由于新关税规则生效，该快递巨头的中美贸易线路急剧下降。&#34;我们在第三季度看到该贸易线路下降超过 20%，预计这种情况将持续到第四季度，&#34; Tomé 说道。</p>
</div><ul>
<li><strong>Track UPS stock here.</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>在这里跟踪 UPS 股票。</strong></li>
</ul>
</div><h2>Tariff Turmoil Hits Global Trade Flows</h2>
<div class="lb-trans"><h2>关税动荡影响全球贸易流动</h2>
</div><p>At the center of the disruption is the elimination of the de minimis exemption – a once-obscure trade rule that allowed low-value goods to cross borders without duties. Now, its removal has rippled across shipping networks.</p>
<div class="lb-trans"><p>此次干扰的核心是取消了最低免税额豁免——这是一项曾经鲜为人知的贸易规则，允许低价值商品在没有关税的情况下跨境运输。现在，这一取消在运输网络中引发了连锁反应。</p>
</div><p>&#34;When the global exemption went into place, you might have seen that some mail systems like Royal Mail or Deutsche Post stopped shipping into the United States,&#34; Tomé explained.</p>
<div class="lb-trans"><p>&#34;当全球豁免生效时，您可能会看到一些邮政系统，如皇家邮政或德国邮政，停止向美国运输，&#34; Tomé 解释道。</p>
</div><p>The result: customs delays and higher costs for small- and medium-sized exporters.</p>
<div class="lb-trans"><p>结果是：海关延误和中小型出口商的成本增加。</p>
</div><p><strong>Read Also: UPS CEO Promises Most Efficient Holiday Season Ever, Issues Strong Outlook</strong></p>
<div class="lb-trans"><p><strong>另请阅读：UPS CEO 承诺将提供史上最有效的假日季，发布强劲展望</strong></p>
</div><h2>Automation Helps, But Can't Undo The Damage</h2>
<div class="lb-trans"><h2>自动化有所帮助，但无法弥补损失</h2>
</div><p>UPS has been racing to automate customs clearance to soften the blow. Packages requiring clearance have surged from 13,000 a day in March to 112,000 daily in the third quarter. Nearly 90% of those are now cleared automatically. Tomé credits this feat to UPS's heavy tech investments.</p>
<div class="lb-trans"><p>UPS 一直在加速自动化海关清关，以减轻冲击。需要清关的包裹数量从三月份的每日 13,000 个激增至第三季度的每日 112,000 个。现在近 90% 的包裹都是自动清关的。Tomé 将这一成就归功于 UPS 的大量技术投资。</p>
</div><p>Still, not every business can adjust as fast. &#34;Some [SMBs] are doing just fine and managing through the changes in trade policy, and some of them candidly are challenged,&#34; she said.</p>
<div class="lb-trans"><p>不过，并不是每个企业都能如此快速调整。&#34;一些中小企业运作良好，能够应对贸易政策的变化，而有些企业坦率地面临挑战，&#34; 她说。</p>
</div><h2>The Real Tariff Pain Is Yet To Come</h2>
<div class="lb-trans"><h2>真正的关税痛苦尚未到来</h2>
</div><p>Tomé warned that 2026 could bring an even harsher impact. &#34;We're watching them closely… because next year is when you're going to feel the full brunt of some of these tariffs.&#34;</p>
<div class="lb-trans"><p>Tomé 警告称，2026 年可能会带来更严峻的影响。&#34;我们在密切关注他们……因为明年你将感受到这些关税的全部冲击。&#34;</p>
</div><p>CFO <strong>Brian Dykes</strong> echoed her caution, calling the shift &#34;a permanent change until the system settles and the new equilibrium on trade flows settles.&#34;</p>
<div class="lb-trans"><p>首席财务官 <strong>Brian Dykes</strong> 也表达了相同的担忧，称这一变化是&#34;一种永久性变化，直到系统稳定下来，新的贸易流动平衡形成。&#34;</p>
</div><p>UPS expects the tariff fallout to shave up to $100 million off fourth-quarter profits. Or, as Tomé put it with trademark bluntness: &#34;It's complicated. It's super complicated.&#34;</p>
<div class="lb-trans"><p>UPS 预计关税影响将使第四季度利润减少多达 1 亿美元。或者，正如 Tomé 以其标志性的直言不讳所说：&#34;这很复杂。非常复杂。&#34;</p>
</div><ul>
<li><strong>Walmart’s AI Is Learning What You Want Before You Do — And Advertisers Love It</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>沃尔玛的人工智能在你意识到之前就知道你想要什么——广告商对此爱不释手</strong></li>
</ul>
</div><p><em>Photo: Shutterstock</em></p>
<div class="lb-trans"><p><em>照片来源：Shutterstock</em></p>
</div>

联合包裹在中国的贸易额下降了 20%——首席执行官警告称关税的影响尚未结束