Trump administration to pull USA out of United Nations postal treaty

Trump pulling U.S. out of international pact on postal rates

However, China has been able to continue to benefit from the lower rates even as it has grown into an ecommerce powerhouse. "All parties should pay the same parcel delivery rates for the same services from the U.S. Postal Service, regardless of whether the country of origin is foreign or domestic".

"Zhao Quansheng, director of the Centre for Asian Studies at American University in Washington, said in Beijing that Trump needed a chance to "declare victory" in the trade war to the American people, while China would find it easier to compromise on trade rather than on more sensitive issues like Taiwan".

American firms say it can cost significantly more to post an item within the United States than it does to send the same item to the U.S. from China.

The manufacturers association boss had sent a letter in April to U.S. Treasury Secretary Steve Mnuchin complaining that the UPU system allows China to receive increasing subsidies from the U.S. Postal Service, which it says cost the USPS $170 million a year ago.

The National Association of Manufacturers supported Trump's move, calling the UPU "outdated" in the age of e-commerce.

Jay Timmons, the president of the National Association of Manufacturers, said in a statement that he agreed with the move.

The U.S. says it's willing to renegotiate.

White House officials said the United States would start the process of getting out of the Universal Postal Union, a Switzerland-based United Nations organization that connects postal services worldwide. The dichotomy that we find in the official discourse of Beijing testifies: while China claims on the global scene, its recognition as a market economy, the speech from home does not cease to recall that the country is evolving in the framework of a " socialist market economy", which is his official model, and which involves numerous distortions of the rules of the market economy.

Red Dead Redemption 2 drops final launch trailer, steelbook images surface
Although we expect a PC version to arrive eventually, but not for a year at least if Rockstar's past form is anything to go buy. Still need one? Then be sure to have a peek at our roundups of the best PS4 Pro prices and Xbox One X bundles .

Another official said the system allowed for a 40 to 70 percent discount on small packages coming in from China to the United States compared to what it would cost to send them domestically, costing $300 million. The agreement - and another one that China and the USA signed in 2011 - has essentially given Chinese merchants a $170 million annual subsidy to ship products directly to American homes.

Derek Scissors, a resident scholar at the American Enterprise Institute, a Washington-based conservative think tank with close links to the Trump administration, said Trump and Xi "are going to have a meeting unless something happens". In order to leave the pact, the United States will have to wait a year, according to treaty's rules.

That's according to two administration officials who spoke on the condition of anonymity because they weren't authorized to speak on the record.

The pact has always been a source of frustration for presidents of both parties and prompted complaints from small businesses, big retailers like Amazon and shipping giants like UPS. Webstainless offers free shipping to the U.S. A one-pound package sent from China cost the Postal Service $10 to deliver it, but the Chinese only pay $2.50 to send it.

Industry groups, even ones that have questioned the president's tariffs on Chinese imports, applauded the move as proportional and targeted. "How can my government be subsidizing China and driving me out of business?"

Tribune. The objective of the trade war initiated by the administration Trump against Beijing is not clearly defined, but it appears from the charges levelled against China, accused of "not playing the game" and resorting to unfair methods.

The world's two biggest economies are clashing over the trade deficit the USA runs against China as well as US allegations that China is using predatory practices to challenge American technological dominance.

A Citi report on Monday estimated that the deleveraging pause will increase China's debt-to-GDP ratio by 12.3 percentage points to 274.5 percent by the end of this year, reversing a small decline in 2017.

Related News:

Most liked

Cardi B Announces Anti-Rat, Anti-Raccoon Mayoral Platform On Jimmy Kimmel
It's like, 'I could do this over and over again.'" But she admits that child labor was hard . She told Kimmel she would like three or four kids.

When Eddie Mair Asked Nick Clegg Whether He’d Leave Brexit Britain
Clegg has most recently been in the public eye as a high-profile campaigner for a second European Union referendum. He starts work on Monday and will move permanently to California next year.

Caravan migrants turn back at Mexico border
If Trump pulls out of the trade deal or closes the border, there would be major economic implications for both countries. On Thursday, hundreds had walked to the river's edge where they sang the national anthems of Honduras and Guatemala .

G League To Offer $125k Salaries To Elite One-And-Done Prospects
For context, the endeavor would pay an 18-year-old male player with no professional experience more than WNBA stars like Breanna Stewart, Diana Taurasi, A'ja Wilson and Chiney Ogwumike.

LeBron James makes debut for Lakers in loss to Blazers
In the two other times James has debuted with a new team, it took a while for him and his new teammates to jell. And on the court they extended their winning run in home openers to 19 despite the Lakers making a fast start.

Further US rate hikes 'most likely' needed: Fed minutes
The ascending reconciliation to the USA interest rates is too swift declared Trump, because inflation is very low. Here are five fixed-income ETFs investors should consider as the Fed institutes more short-term rate hikes.

Neymar's €215m Paris Saint Germain release clause revealed
He told radio stationSER Catalunya: "The Barcelona board has not considered the possibility of bringing back Neymar ". And they could look to make a statement by making the world's most expensive player their latest Galactico.

Cannabis becomes legal in Canada
Currently, nine US states allow the recreational use of marijuana, including Arizona neighbors California, Nevada and Colorado. The Newfoundland stores are among at least 111 legal marijuana stores expected to open across the nation of 37 million people.

Meghan Markle Cradles Baby Bump and Opens Up About Her Pregnancy
Harry then scaled 1,300 steps to the top of the iconic Sydney Harbour Bridge to kick off the fourth Invictus Games. Harry and Meghan are meeting members of One Wave, a surfing community group, as they take part in "Fluro Friday".

Russian woman charged with U.S. election-meddling
But so far, they said, state and local officials have been able to prevent access or quickly mitigate these attempts. The complaint also does not allege that any American knowingly participated in the Project Lakhta operation.

Israeli supreme court overturns entry ban on USA student
Alqasem challenged the expulsion order for more than two weeks - the longest anyone has been held in a boycott-related case. The Israeli Strategic Affairs Ministry relies on tips from informants and social media snooping to identify BDS activists.

Saudis to Acknowledge Columnist Khashoggi’s Death
Despite issuing a threat, Trump indicated he wouldn't cancel the $110 billion arms deal he negotiated with Saudi Arabia. The kingdom says the allegations are "baseless" but has offered no evidence Khashoggi ever left the consulate.

Rising trend of casino apps
For those who are looking for a specific game, Cherry Rush also includes a description of what games can be found each site. It used to be that if someone wanted to play a casino game they had to find a land based venue.

Bets for upcoming Southampton vs Arsenal fight
Neither Arsene Wenger nor his players could afford themselves to lose another match if they still want to be in the top four. Arsenal is still keeping the dream to be qualified in Champions League after the victory over Manchester on Sunday.

3 Entertaining Ways to Improve Your Business Skills over the Coming Weeks
In both games and business meetings you may feel everything from frustration to elation, but the trick is to keep is all hidden. Play Poker While millions of people around the world may play poker solely for fun, you can also play to up your business game.