The United States Postal Service (USPS) has resumed accepting inbound mail and packages from China and Hong Kong after a brief suspension. The agency did not provide a reason for the initial suspension, but it occurred shortly after President Donald Trump imposed a 10% tariff on all imports from China and halted a trade loophole commonly used by Chinese online retailers.
USPS said it will resume accepting inbound mail and packages from China and Hong Kong Posts, just hours after it suspended service from those regions. The agency didn't give a reason for the suspension, but it came after President Donald Trump imposed an extra 10% tariff on all imports from China.
Trump also halted a popular trade loophole, known as"de minimis," that's commonly used by Chinese online retailers Temu and Shein.Wednesday it will resume accepting inbound mail and packages from China and Hong Kong, just hours after it suspended service from those regions. "The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery," the agency wrote in a notice posted to its website. The change is effective immediately.The move came after President Donald Trump on Saturday imposed an additional 10% tax on Chinese goods, as part of sweeping new tariffs on the country's top three trading partners. Trump on Monday agreed to hold off on imposing 25% tariffs on Canada and Mexico for 30 days.a nearly century-old trade loophole, called"de minimis," which allows exporters to ship packages worth less than $800 into the U.S. duty-free. The suspension of de minimis is widely expected to impact upstart Chinese e-commerce companies Temu and Shein, which have relied on de minimis and grew in popularity in the U.S. due to their cheap clothing, furniture and electronics shipped directly from China.from the House Select Committee on the Chinese Communist Party found that Temu and Shein are"likely responsible" for more than 30% of de minimis shipments into the U.S., and"likely nearly half" of all de minimis shipments originating from China.Yin Lam, an analyst at Morningstar, said late Tuesday the massive volume of daily de minimis shipments into the U.S. creates a"significant challenge" for USPS because"it is difficult to check all the packages - so it will take time." Critics have argued the trade loophole has allowed illicit drugs, such as fentanyl, to enter the U.S. through the mail.How U.S. efforts to restrict China from Nvidia’s fastest chips may have backfiredThe 'great rotation' is finally showing some legs. It's unclear if investors will followPhiladelphia
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