Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Stock

USPS resumes shipments from China in abrupt about-face

The U.S. Postal Service has agreed to resume accepting shipments from China, less than 12 hours after announcing it would stop doing so.

‘Effective February 5, 2025, the Postal Service will continue accepting all international inbound mail and packages from China and Hong Kong Posts,’ it said in an updated statement Wednesday morning. ‘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 Postal Service had earlier announced it would stop accepting packages from China, as well as Hong Kong, in the wake of the Trump administration’s decision to impose a new round of 10% tariffs on all goods coming from the country.

Letters and flats were not affected by the initial announcement. While the Postal Service did not offer an explanation for the shipment halt, Trump ended a so-called ‘de minimis’ exemption for Chinese goods worth less than $800 in making the tariff announcement.

A Chinese Foreign Ministry spokesperson had earlier said China would take “necessary measures� to protect its companies, The Associated Press reported — urging the U.S. to “stop politicizing economic and trade issues and using them as a tool, and to stop unreasonably suppressing Chinese companies.�

CORRECTION (Feb. 5, 2025, 10:35 a.m. ET): A previous version of this article misstated when the Postal Service announced it would resume accepting shipments from China. The move came 12 hours after it stopped doing so, not 24.

This post appeared first on NBC NEWS







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com